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September 25, 1991 | From Times Staff and Wire Reports
Ex-Workers Win Suit Against Massey Ferguson: A jury in Des Moines, Iowa, awarded $45.8 million in damages to 230 former employees of Massey Ferguson Inc. who alleged that the company tried to get around its commitments for retirement benefits. The lawsuit alleged that Massey and its parent, Varity Corp., created Des Moines-based Massey Combines Corp. to strip retirees of insurance benefits and to get rid of about 475 employees without giving them severance benefits.
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BUSINESS
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.
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BUSINESS
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.
BUSINESS
September 25, 1991 | From Times Staff and Wire Reports
Ex-Workers Win Suit Against Massey Ferguson: A jury in Des Moines, Iowa, awarded $45.8 million in damages to 230 former employees of Massey Ferguson Inc. who alleged that the company tried to get around its commitments for retirement benefits. The lawsuit alleged that Massey and its parent, Varity Corp., created Des Moines-based Massey Combines Corp. to strip retirees of insurance benefits and to get rid of about 475 employees without giving them severance benefits.
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