Without the divestitures, the merger would likely result in higher prices for this farm machinery. The Department's Antitrust Division filed a lawsuit today in U.S. District Court in Washington, D.C. to challenge New Holland's acquisition of Case Corporation. At the same time, the Department filed a proposed consent decree that, if approved by the court, would resolve the Department's competitive concerns and the lawsuit. Large agricultural tractors are used for tilling, planting, cultivating, and harvesting crops. They also compete directly in the manufacture and sale of a variety of hay tools.
American farmers use agricultural equipment day in and day out.
These divestitures will preserve competition and protect farmers from higher prices. New Holland is a Delaware corporation headquartered in New Holland, Pennsylvania. It produces a diverse line of construction and agricultural equipment. Its construction equipment line includes forklifts, excavators, loaders, and backhoes. Its agricultural equipment line includes combines, seeders, sprayers, tractors, and hay tools.