Kubota, the Japanese maker of industrial machinery, raised its offer for Kverneland ASA to 1.62 billion kroner ($276 million), trumping counter bids from CNH Global NV (CNH) and Chery Heavy Industries Co. Ltd.
Farm machinery manufacturer CNH Global NV (CNH) is considering its next move after its $246 million offer for Norwegian farm implement maker Kverneland ASA (KVEGF, KVE.OS) was topped by rival bidder Kubota Corp. (KUB, 6326.TO) of Japan, said a person familiar with the matter Wednesday.
Adam Fleck, analyst for Morningstar, is studying the activity surrounding Kubota and CNH's bids to acquire ag implement maker Kverneland. Here's was his take on it as of Tuesday.
SDF Group, manufacturer of the Deutz-Fahr tractor line, has appointed Bavarian Tractor Works of Kerman, Calif., as the exclusive importer and distributor of the Deutz-Fahr tractor brand for the western United States, effective December 1.
Philip Falcone's proposed LightSquared Inc. wireless service caused interference to 75% of global-positioning system receivers examined in a U.S. government test, according to a draft summary of results.
Source: Hillicon Valley (The Hill’s Technology Blog)
A group of rural public officials and farmers wrote a letter to agriculture device manufacturer John Deere last week, urging the company to drop its lobbying campaign against wireless firm LightSquared.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
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