John Deere to buy LESCO

Discussion in 'Lawn Mowing' started by Mountain Gardener, Feb 19, 2007.

  1. Mountain Gardener

    Mountain Gardener LawnSite Member
    Posts: 79

    John Deere will be buying Lesco for about $14.50 per share or 132.6 millon dollars. The transaction if approved by Lesco shareholders will likely close in the 2nd quarter of '07. (Reuters)
     
  2. DLCS

    DLCS LawnSite Platinum Member
    Posts: 4,380

  3. petekief

    petekief LawnSite Senior Member
    Posts: 292

    F$%@ - that is not good news news . . .
     
  4. FinalCut05

    FinalCut05 LawnSite Member
    Posts: 79

    Thank god I bought a Cub Cadet, and not a Lesco. I hope I can still get parts for my Lesco WB thou.
     
  5. lawnpro724

    lawnpro724 LawnSite Silver Member
    Posts: 2,201

    Lesco was made by MTD and John Deer is a much better company.
     
  6. jsf343

    jsf343 LawnSite Bronze Member
    Posts: 1,767

    :laugh: :laugh: :laugh: you sound upset.
     
  7. LushGreenLawn

    LushGreenLawn LawnSite Silver Member
    Posts: 2,121

    The price of fertilizer is going to skyrocket
     
  8. nick-bigfootlawn

    nick-bigfootlawn LawnSite Member
    Posts: 106

    Do you have any proof of this, I thought I read that somewhere as well, but MTD is in the Cub Cadet/TroyBilt Line. I'd really like to know either way, thanks.
     
  9. lawnpro724

    lawnpro724 LawnSite Silver Member
    Posts: 2,201

    I think you just answered your own question, take a look at Cubs Z and Lesco's and you don't have to look close to see there the same mower different color. Lesco is an MTD product and so is CubCadet, Troy Built, Bolens, White, and many others. I think John Deer will be good for Lesco and John Deer puts out a much better mower than MTD. If you don't believe that Lesco is made by MTD just look it up and you will see, go to MTDs website and see what brands they make.
     
  10. richard1103

    richard1103 LawnSite Member
    Posts: 120

    lessco parts hell a lot cheaper cub dealer price 73$ and lessco 48$ for blades same blades belts cheaper too
     

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