UPDATE 1-INTERVIEW-Agco CEO bullish on agricultural equipment

Newswire

(Adds quotes, byline) By James B. Kelleher CHICAGO, Oct 29 (Reuters) - The top executive of Agco Corp said on Wednesday he bought 5,000 shares of rival Deere & Co last week because he believes the sell-off in farm equipment shares belies the industry's strong fundamentals. In an interview with Reuters following the company's release of third-quarter earnings, Martin Richenhagen, Agco's chairman, president and chief executive, said that, at the time of the purchase, he was ...

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