OTHER NEWS - April 28, 1994
From Times Staff and Wire Reports
Agco to Acquire Massey Ferguson: Farm equipment maker Agco Corp. took a leap into the global market by agreeing to buy Britain-based tractor company Massey Ferguson Group Ltd. The $328-million cash and stock deal, expected to be completed this summer, would put Agco among the handful of agricultural equipment companies that dominate the world market. Agco, known until 1990 as Allis-Chalmers, is based in the Atlanta suburb of Duluth. It had 1993 sales of $596 million and now operates primarily in North America.
