Yes, I'd not be surprised if there was a merger between Cat and Agco, or more likely a Cat purchase given the relative size of the two.
I don't think Fiat has any goals other than making money, so nothing would surprise me there. Any deal is possible...
I doubt that too many saw, or perhaps wanted to see what happend IH 25 years ago. Now it's just a spec in the makup of CNH. Likewise with Ford, but that deal was forseen by many ahead of time.
Personally, I think you may see Cat swallow the last of IH/Navistar before too long. As I understand things, Cat is out of the highway engine market in a year or so because they don't want to be responsible for bringing the new emissions crap online... but they are partnering with IH to build their own 'Cat' branded vocatonal trucks. Often, when the Cat plays with the mouse, the mouse gets swallowed... That's just my opinion, but I'm curious to see how it'll all play out.
As you say, I think we ain't seen nuttin yet... The biggest deals are yet to come.
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