Deere Abandons wind energy business..
MOLINE, Ill. (AP) — Deere & Co. will sell its wind energy business to a subsidiary of Exelon Corp. for $900 million, the company said Tuesday, potentially signaling an active merger and acquisition period ahead for the power industry.
On Tuesday, Deere said the deal will allow it to get back to what it does best, which is manufacturing farm equipment.
I think it's smart of them to focus on what they do best. It will keep people employed and hopefully keep the business viable.
But the wind business is new to Exelon as well. Exelon is a giant in the nuclear power business.
This is what should be concerning to those that are pro-wind energy. Isn't that like a steak house buying all of the vegetarian eateries in town? If I were very pro-wind I this would be what struck me most about that article. JMO.
Answer by QuinnMae at 10:02 AM on Sep. 1, 2010
Answer by Melbornj at 9:42 AM on Sep. 1, 2010
Answer by itsmesteph11 at 12:08 PM on Sep. 1, 2010
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