In October 1980, Argus donated its shares in Massey Ferguson to the employee's pension plans, leading the way to a $250 million bail-out from the Government of Canada and the Province of Ontario for the collapsing business, which later was renamed Varity Corporation. In the mid-1980s, Varity spun off several money-losing divisions into an entity called Massey Combines Corporation in 1985. Massey Combines Corporation was headquartered in Brantford and became insolvent on 4 March 1988, and its assets were re-acquired by Massey Ferguson.