Asphalt jungle

1 June 2017 By Jeffrey Goldfarb

The $40 bln U.S. farm-equipment maker is diversifying further into road building, paying $5.2 bln for Germany’s Wirtgen. It’s a big deal and overseas, but Deere’s pitch on strategy and price sound reasonable. It will need to work out better than Caterpillar’s Bucyrus bet, though.

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