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: Biotechnology, Aerospace & Defense Stocks
Related symbols: PSTI, PBYI, TDG, TGI
Friday Sector Leaders: Shipping, Agriculture & Farm Products
Related symbols: NM, SBLK, UAN, CRESY
Thursday Sector Laggards: Music & Electronics Stores, Non-Precious Metals & Non-Metallic Mining Stocks
Related symbols: RCII, CONN, ZEUS, AKS
Friday's ETF with Unusual Volume: KBWR
Related symbols: KBWR, TCB, FHN, WTFC, HBHC
Friday's ETF Movers: SOXX, XBI
Related symbols: SWKS, CRUS, PBYI, SGYP, XBI, SOXX
XLP, DXJR: Big ETF Outflows
Related symbols: XLP, DXJR, PG, KO
Daily Dividend Report: ED, WEC, SLB, TXN, DFS
Related symbols: ED, WEC, SLB, TXN, DFS
Daily Dividend Report: VNO, CMS, PSXP, TLLP, KMI
Related symbols: VNO, CMS, PSXP, TLLP
Daily Dividend Report: O, LLTC, FAST, NTRS, MTX
Related symbols: O, LLTC, FAST, NTRS, MTX
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
AGCO Acquires GSI Holdings; Caterpillar Announces Price Hikes
| Market News Video | Copyright © 2008 - 2017, 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.