AGCO (AG) and Terex (TEX) Up On Questionable Takeover Rumors
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Two heavy equipment makers, AGCO Corp. (NYSE: AG) and Terex Corp. (NYSE: TEX), are moving higher today on unsubstantiated takeover rumors.
Both stocks are down big over the last year and it makes logical sense that potential buyers could be kicking the tires, but with fundamentals of the industry looking poor for the foreseeable future it is unlikely that a deal for either is imminent.
Both stocks are down big over the last year and it makes logical sense that potential buyers could be kicking the tires, but with fundamentals of the industry looking poor for the foreseeable future it is unlikely that a deal for either is imminent.
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