AGCO Terminates Agreement to Acquire Shares of Kepler Weber
November 14 2017 - 7:00AM
Business Wire
AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide
manufacturer and distributor of agricultural equipment, announced
today that it has terminated the agreement dated February 9, 2017
previously entered into with the two largest shareholders of Kepler
Weber S.A., PREVI - Caixa de Previdência dos Funcionários do Banco
do Brasil and BB - Banco de Investimento S.A., to acquire their
blocks of shares totaling approximately 35% of the outstanding
shares. Accordingly, no tender offer will be launched for Kepler
Weber S.A. shares.
About AGCO:
AGCO (NYSE: AGCO) is a global leader in the design, manufacture
and distribution of agricultural solutions and supports more
productive farming through its full line of equipment and related
services. AGCO products are sold through five core brands,
Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra®, supported
by Fuse® precision technologies and farm optimization services, and
are distributed globally through a combination of over 3,000
independent dealers and distributors in more than 150 countries.
Founded in 1990, AGCO is headquartered in Duluth, GA, USA. In 2016,
AGCO had net sales of $7.4 billion. For more information, visit
http://www.AGCOcorp.com. For company news, information and events,
please follow us on Twitter: @AGCOCorp. For financial news on
Twitter, please follow the hashtag #AGCOIR.
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version on businesswire.com: http://www.businesswire.com/news/home/20171114005856/en/
AGCOGreg Peterson, 770-232-8229Director, Investor
Relationsgreg.peterson@agcocorp.com
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