During the fourth quarter of 2012, Southeastern Management, a large mutual fund managed by billionaire Mason Hawkins, initiated a position of 1.5 million shares in CNH Global CNH +1.97%, a $10 billion market cap manufacturer of farm and construction machinery (see more of Southeastern's stock picks).
CNH Global N.V. (NYSE: CNH), a global leader in the construction and agricultural equipment businesses, today announced that as a result of an ongoing strategic review of its construction equipment business, it is moving into the next phase of agreements with Kobelco Construction Machinery Co., Ltd.
The remaining operations of a factory that was once a major International Harvester component manufacturing and tractor assembly plant could close as a result of the ARGO Group’s decision to liquidate the operating company, McCormick France, which is now being managed by a court-appointed administrator.
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In this episode of On The Record, we examine Deere’s Population of 20-Store Dealers On the Rise. In the Technology Corner, we take a look at Carbon Robotics Developing New “Thinning” Function for LaserWeeder. Also in this episode: AGCO & Kubota Sign Right to Repair MOUs, Deere Reports Rising Large Ag Price Realization - Lower Production Costs and Dealers’ Most Pressing Concerns.