Oliver wasnt bankrupt and it didnt go on the auction block. White acquired Oliver through a corporate takeover when it gained majority control of 51% of the company on November 1 1960. White then bought Cockshutt in 1962 and Moline in 1963. White did away with Cockshutt replacing them with Oliver tractors as everybody knows. However Oliver and Moline continued to operate as fairly separate entities until 1969 when White began merging the 2 tractor lines. Both companies continued seperate R&D and maintained separate Dealer networks so yes even though White was pocketing the money, No Oliver did not cease to exist after the 1960 takeover.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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