When I heard this today
Speculation about a merger involving farm equipment makers Agco, Deere & Co. and CNH Global NV of the Netherlands increased this week, Webber said, after Fiat SpA, the majority owner of CNH, moved toward taking a stake in Chrysler LLC, the U.S. automaker striving to forestall bankruptcy. Fiat may have to sell its stake in CNH to fund a partnership with Chrysler, Sanford C. Bernstein Ltd. analysts said April 22.
Regulators probably wouldn’t approve a sale of Agco to Deere, Webber said. A Fiat spokesman April 22 declined to comment on the Sanford C. Bernstein report. Ken Golden, a spokesman for Deere, declined to comment, citing company policy on market speculation.
“I would take any sale of CNH to Agco, or part of it to Deere, as very positive,” Webber said.
Man, that's gonna be one ugly hat.