Tenneco Moves To Strengthen Steiger Bid In Tractor Market
Tenneco Inc bids to acquire Steiger Tractor Inc in a deal valued around 75 million dollars. Steiger, Fargo based maker of four wheel drive tractors, operates under Chapter 11 since June. The agreement includes 15.4 million to buy all shares and about 55 million in assumed debt.
MENTIONED IN THIS ARTICLE
Tenneco Inc
Steiger Tractor Inc
Steiger
Tenneco
Timothy Lundberg
Aal
Case
Steiger Credit Co
Integrated Technical Systems Inc
Valley City
Ford New Holland seeks share of tractor sales
The merged Ford Tractor Operations and New Holland aim to reshape the farm machinery market. Ed Hasel says Ford New Holland will seek industry leadership as Deere and Case IH remain strong contenders and consolidation grows with Steiger and other players.
MENTIONED IN THIS ARTICLE
Ford-New Holland
Ford Tractor Operations
New Holland
Ford Tractor
Deere
Ed Hasel
John Deere
Case IH
Ford New Holland
Hasel
Ford New Holland, Inc
Ford Motor Co
Ford
Sperry Corp
Becase Ford Tractor
North America
Antitrust questions loom over Steiger Tractor sale
Tenneco plans to buy Steiger Tractor of Fargo for 15.4 million in cash, 3 509 a share, amid antitrust uncertainty. Case IH executives warn no one counts chickens before hatch and compare Steiger’s Canadian sales to Deere’s blocked Canadian deal.
MENTIONED IN THIS ARTICLE
Steiger Tractor Inc
Case IH. Tenneco, Inc
Case
Milwaukee Sentinel
Tenneco
Steiger
Rick James
Case TV
Racine
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Lundberg
Karen Luedtke
New York
Drexel Burnham Lambert Inc
J | Case Co
Wis
International Harvester
J I Case
Ms. Luedtke
Deere & Co
Fargo
Jerome K. Green
J 1 Case
Green
Mr. Green
Irvin Aal
Mr. Aal
Imately
Justice Department
Milwaukee
Steiger Tractor
Fargo, N.C
Tenneco-Steiger
Canada
J.D
Easton
Brower
IHC
Chopper
Suw Nea
Repo
Oliver
Richartz Implement Co
Menomonie
John Deere Combine Savings Countdown
Hart-Carter
Foster Implement, Inc
Airdraulics, Inc
Jols Ave
Hwy
Chippewa
Hamms
Deer Hunters
Durand Imp. Inc
Durand
Meridian Implement CO
Rockford, IL
DHI
Wisconsin
WDHIC
Tokay
Madison
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