Deere Denies Equity Buyout Talk

Posted on December 8, 2006
Proof positive that there is a lot of money around right now, Deere & Co. said that the company has received expressions of interest from private equity investors, but stressed that the agricultural equipment manufacturer isn't considering any such overtures.

Deere Chairman and Chief Executive Robert Lane acknowledged that the company has been approached by private equity interests about a potential buyout. Deere spokesman Ken Golden said "Deere is not considering any such ideas and management is focused on running the company."