Kverneland's major investor recently sold its 31.8% share of the company to Kubota. This sale of shares brings Kubota closer to its goal of acquiring the Norwegian farming implement company.
Due to the sale of these shares, Kverneland's due diligence processes with CNH Global and Chery Heavy Industry have been terminated.
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CNH announces it has made a non-binding indication of interest in purchasing outstanding shares of Kverneland ASA.
Kubota Tractor Corp. announces it plans to build a new production facility in Georgia.
Sauer-Danfoss reports its 2011 fourth quarter results, which show sales growth was at 4%.