U.S. antitrust lawsuit wants to stop Deere purchase of Precision Planting
The Justice Department filed an antitrust lawsuit in federal court in Chicago to block Deere and Co., the world's largest farm equipment maker, from buying Precision Planting, its chief competitor in selling high-speed seed planters to farmers. The government says the two companies account for at least 86 percent of sales of the planters, which are expected to become the industry standard.