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AGCO CEO Says a Merger Isn’t Out of the Question

AGCO’s Chief Executive Officer Martin Richenhagen is stirring the news pot again. He reportedly told a German publication recently that he doesn’t rule out a takeover by another company or a merger with a peer.

According to a Bloomberg report earlier today, the Frankfurter Allgemeine Zeitung says that the U.S. maker of farm equipment, forecasts that sales will rise to $10 billion this year, from $9 billion in 2011. It goes on to say that there may be logic in a merger with Caterpillar Inc. because AGCO uses many products from that company, FAZ cited Richenhagen as saying.

Story Link: http://www.bloomberg.com/news/2012-01-05/agco-chief-forecasts-sales-of-10-billion-this-year-faz-reports.html