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here we go again! |
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redline ![]() Orange Level ![]() Joined: 11 Sep 2009 Location: Collins, IA Points: 1013 |
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http://www.agriculture.com/news/business/agco-to-buy-cnh-from-fiat_5-ar12666
Does this mean bye bye massey?
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If it weren't for the last minute, I wouldn't get anything done!
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nowversatile ![]() Silver Level ![]() ![]() Joined: 15 Nov 2009 Location: Western Cornbel Points: 137 |
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Great link redline, one piece of advice: Please contact your congressman and senators and DEMAND this not be allowed to go through!
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redline ![]() Orange Level ![]() Joined: 11 Sep 2009 Location: Collins, IA Points: 1013 |
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It shouldn't be allowed to happen, but I doubt that anyone has the spine to stop it. Everything is headed toward huge monopolies. |
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If it weren't for the last minute, I wouldn't get anything done!
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Russ-neia ![]() Silver Level ![]() Joined: 11 Sep 2009 Location: NE Iowa Points: 489 |
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First line: "Agco Corp. (AGCO) is interested in buying CNH Global NV (CNH) from Fiat SpA (F.MI), the chairman and chief executive of the U.S. tractor maker said in an interview published Wednesday in Italian business daily MF."
Since when???
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The innovators offer what others will imitate.
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nowversatile ![]() Silver Level ![]() ![]() Joined: 15 Nov 2009 Location: Western Cornbel Points: 137 |
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One more comment regarding this "distraction". It looks to me like Dickenhagen is putting this out is to distract the investment community from his mismanagement in NA. I find it nearly impossible for something this disastrous to happen with the major financial issues in Europe, and the fact that AGCO would need something like Billions in the teens to make this purchase, larger than all of their other acquistions combined! With the SA gravy train about to come to an end, NA sales tanking and Europe questionable, why not flood the media with new speculation?
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Jordan(OH) ![]() Orange Level ![]() Joined: 11 Sep 2009 Location: Celina, OH Points: 1547 |
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I've got it! JD is paying Dickenhagen under the table! First to kill AGCO, now they want him to kill Case and New Holland next.
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DougG ![]() Orange Level ![]() Joined: 20 Sep 2009 Location: Mo Points: 8189 |
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That would be a site to see only the BELOVED MASSEY FERGESON and JOHN DEERE tractors in the fields ; of coarse CASE IH + NEW HOLLAND tractor production would cease ; EVERYONE wants a MF they just havent realized it yet ; Dikenhagen will let you know
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DREAM ![]() Orange Level ![]() ![]() Joined: 06 Jan 2010 Location: Elberton,GA Points: 1828 |
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I have sneaking feeling that what Jordan is suggesting may have more truth in it than he knows. Only thing is Deere is not paying Richenhagen, he is just that ignorant. Or maybe he is just that anti-American. Seems like the perfect way to destroy another (former) American company. If that happens, there will only be green tractors in the fields. It's already that way in a lot of this state. Deere is the only manufacturer that most farmers here trust enough to believe they will still be around next year to get parts from. Just sad to see what they did to AC, Oliver, White, MM, and the rest.
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I didn't do it! It was a short, fat, tall, skinny guy that looked like me!
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Daehler ![]() Orange Level Access ![]() Joined: 23 Nov 2010 Location: Lexington MO Points: 1153 |
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Looks like used tractors for me the rest of my life. I thought New Holland was going to buy up AGCO when Dikenhagen relized that massey wasn't selling and he was going broke?
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JoeO(CMO) ![]() Orange Level ![]() ![]() Joined: 11 Sep 2009 Location: Cent Missouri Points: 2694 |
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INTERESTING! There has to be cash flow under the table to and from somewhere besides what is in the article.
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Unit3 ![]() Orange Level ![]() ![]() Joined: 17 Oct 2009 Location: NC Iowa Points: 5565 |
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This afternoon soap opera needs a title. Any ideas?
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Daehler ![]() Orange Level Access ![]() Joined: 23 Nov 2010 Location: Lexington MO Points: 1153 |
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How bout "THE MONOPOLY" and put dikenhagen as the fat little banker |
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CTuckerNWIL ![]() Orange Level ![]() ![]() Joined: 11 Sep 2009 Location: NW Illinois Points: 22823 |
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Anybody registered on that site? Please leave a comment about the US tractor maker.
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http://www.ae-ta.com
Lena 1935 WC12xxx, Willie 1951 CA6xx Dad bought new, 1954WD45 PS, 1960 D17 NF |
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AllisFreak MN ![]() Orange Level Access ![]() ![]() Joined: 07 Dec 2009 Location: Minnesota Points: 1553 |
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The Dumb and the Rest Of Us.
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'49 A-C WD, '51 A-C WD, '63 A-C D17 Series III, 1968 A-C One-Seventy, '82 A-C 6060, '75 A-C 7040, A-C #3 sickle mower, 2 A-C 701 wagons, '78 Gleaner M2
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ScottinSWIL ![]() Silver Level ![]() Joined: 30 Oct 2009 Location: Randolph Co. IL Points: 118 |
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As a owner of a NH tractor I hope this won't be the beginning of another screwed up mess like the whole Agco fiasco now. The CNH customers should be very worried.
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Daehler ![]() Orange Level Access ![]() Joined: 23 Nov 2010 Location: Lexington MO Points: 1153 |
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I don't just think CNH customers should be worried. Everyone should be. The price on equipment will go out of site.
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Byron WC in SW Wi ![]() Orange Level ![]() ![]() Joined: 11 Sep 2009 Location: Wisconsin Points: 1635 |
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We'll, I'll be going to Deere if that happens. I was hoping for a New Holland bi-directional but will wait to see what folds out here. I can't see this happening though.
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Oldoug ![]() Orange Level Access ![]() Joined: 12 Sep 2009 Points: 1121 |
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I think the first time I heard this rumor was in the summer of 2009 even before AGCO annouced the end of the orange, it's been going around a while I know. Never say never.
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Matt Folkers
FOLKERS RESTORATION Restoring vintage things to last so the future can enjoy our past. |
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Byron WC in SW Wi ![]() Orange Level ![]() ![]() Joined: 11 Sep 2009 Location: Wisconsin Points: 1635 |
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Here's Righenhagen saying it's not in the cards on October 15. CHICAGO, Oct 15 (Reuters) - The chief executive of farm equipment maker Agco Corp AGCO.N said on Friday the company is focused on improving margins, not mergers and acquisitions, as the best way to grow and increase its profitability over the next five years.Martin Richenhagen told Reuters in an interview that Agco might buy some smaller makers of niche farm products, such as sprayers or harvesters, in specific markets, such as Latin America, "to round out our product offering." But he said big deals -- such as the one he admitted last summer he was open to doing -- were not in the cards. But wait, that was almost two month before he changed his mind and is now interested in buy CNH again. Can anything he says be trusted? |
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bigal121892 ![]() Orange Level ![]() Joined: 05 Jan 2010 Location: Nebraska Points: 805 |
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When the CEO says it, I think it"s more than a rumor.
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Daehler ![]() Orange Level Access ![]() Joined: 23 Nov 2010 Location: Lexington MO Points: 1153 |
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He might be worse than a politition is, can never keep a story straight.
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acwdwcman ![]() Orange Level ![]() ![]() Joined: 16 Oct 2010 Location: palmyra, il Points: 1075 |
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good post
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acwdwcman ![]() Orange Level ![]() ![]() Joined: 16 Oct 2010 Location: palmyra, il Points: 1075 |
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who knows what the world is comming to..
right now all i care about is allis chalmers and my family.
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EPALLIS ![]() Orange Level ![]() Joined: 12 Sep 2009 Location: Illinois Points: 1141 |
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Dickhagen? Good one. I think the whole thing is positioned to pump up the stock of both companies and "put them in play". My 2 cents.
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morton(pa) ![]() Orange Level ![]() ![]() Joined: 11 Sep 2009 Location: Lancaster, PA Points: 1234 |
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Here you go. They've had one sitting out front of the New Holland plant in New Holland, PA for a few months. I don't know if its still there or not but it looked pretty good.
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morton(pa) ![]() Orange Level ![]() ![]() Joined: 11 Sep 2009 Location: Lancaster, PA Points: 1234 |
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All I've to to say is this is bound to materialize even more in a few months....
One of my friends father is an engineer for CNH and my friend is studying to become one too...I'll see if I can do some digging and find out something from someone in the offices...
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morton(pa) ![]() Orange Level ![]() ![]() Joined: 11 Sep 2009 Location: Lancaster, PA Points: 1234 |
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Another idea...
Since AGCO's stock has had lackluster performance over the past month, and is auctally down today, maybe it was just a ploy to acclerate their stock again... After doing some more internet digging....I came up with this...Different source, same info, different article... |
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bigal121892 ![]() Orange Level ![]() Joined: 05 Jan 2010 Location: Nebraska Points: 805 |
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IF agco gets this done, then there will be no chance of an orange tractor again.
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JohnCO ![]() Orange Level ![]() ![]() Joined: 11 Sep 2009 Location: Niwot Colo Points: 8992 |
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If it's like most companies, the employees are the last ones to find out anything.
The bidirectional sure doesn't look much like my old Versatile 160. How is AGCO going to get govenment permission to purchase CNH when Fiat had to sell that European combine line to buy CNH. Plus Fiat had to sell Hesston so they could buy New Holland. If the deal did go down, there is a good chance Buher and Kubota would ramp up NA sales. You can bet JD won't let this happen with out a fight, I suspect they have a lot of politicians in their pockets. If nothing else, this could be very interesting to watch. |
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"If at first you don't succeed, get a bigger hammer"
Allis Express participant |
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Byron WC in SW Wi ![]() Orange Level ![]() ![]() Joined: 11 Sep 2009 Location: Wisconsin Points: 1635 |
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Yeah they couldn't get the hay line for sure. They'd probably have to sell off the big tractor lines too so maybe IH will come back into existence like Versatile did? Doubt AGCO would go through that much trouble and loose IH. Maybe they'll sell off the MF side and AC will come back? Too many parallel equipment lines.
Yeah the bi-directional is cool and would work for just about everything I do. |
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