AGCO Acquires GSI Holdings; Caterpillar Announces Price Hikes Monday, October 3, 12:13 PM ET
Agricultural equipment manufacturer AGCO (NYSE:
AGCO) said today it has agreed to acquire GSI Holdings from Centerbridge Partners for $940 million.
AGCO's CEO said the producer of grain storage and protein production systems is an excellent fit with AGCO, and will allow the company to extend its reach in the agricultural industry.
GSI has annual revenue of more than $700 million.
The transaction is expected to close before the end of 2011.
Also in the heavy equipment space, keep an eye on shares of Caterpillar (NYSE:
The company said in a regulatory filing late Friday that it will raise worldwide prices on most machines by up to 3%.
The price change will be effective in January of 2012, and reflect industry factors and economic conditions, the company said.
Additionally, emissions-related price increases of 2% to 6% will also apply in January for relevant products and regions.
For MarketNewsVideo.com, I'm Kristin Bianco.
Friday Sector Laggards: Entertainment, Publishing Stocks
Related symbols: LGF, HKTV, ABCD, CRRC
Friday Sector Leaders: Non-Precious Metals & Non-Metallic Mining, Oil & Gas Exploration & Production Stocks
Related symbols: CLF, TGB, NADL, REI
Thursday Sector Leaders: Home Furnishings & Improvement, Apparel Stores
Related symbols: KIRK, WSM, URBN, FRAN
XLI, EUFX: Big ETF Outflows
Related symbols: XLI, EUFX, GE, UNP
PFF, HEFA: Big ETF Inflows
Related symbols: PFF, HEFA, GS, HSBC
Friday's ETF with Unusual Volume: PXJ
Related symbols: PXJ, HAL, WFT, KEG, FET
Daily Dividend Report: NKE, A, FLO, HD, UNP, FDX
Related symbols: NKE, A, FLO, HD, UNP, FDX
Daily Dividend Report: HPQ, RTN, NOC, AVB, JWN, CPB, JOY
Related symbols: HPQ, RTN, NOC, AVB, JWN, CPB, JOY
Daily Dividend Report: WMB, JCI, SYY, LZB, BLK, PCP, BRCM, LO, DPS
Related symbols: WMB, JCI, SYY, LZB, BLK, PCP, BRCM, LO, DPS
Weekly Market Wrap: November 21, 2014
Related symbols: BAC, INTC, AAPL, HPQ, CPB, SYY, BLK
Weekly Market Wrap: November 14, 2014
Related symbols: NOK, BHI, AAPL, HTZ, VIAB, ADP, BAX, CTL, WM, PBI
Weekly Market Wrap: November 7, 2014
Related symbols: GNW, ZNGA, BABA, BAC, WFM, ADM, WDC, AIG, ITW
Week Ahead Market Report: November 17, 2014
Related symbols: HAL, BHI, AAPL, F, HD, SJM, BBY, FL
Week Ahead Market Report: November 10, 2014
Related symbols: BABA, CMCSA, BAC, MSFT, CST, DHI, ADT, JCP, HP, JWN, ASTI
Week Ahead Market Report: November 3, 2014
Related symbols: ARCP, BAC, AAPL, SAPE, FB, BABA, CTL, SNI, HUM
All videos » |
Stock market definitions »
AGCO Acquires GSI Holdings; Caterpillar Announces Price Hikes
| Market News Video | Copyright © 2008 - 2014, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.