DULUTH, Ga.--(BUSINESS WIRE)--Nov. 14, 2017--
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171114005856/en/
Source: AGCO
AGCO
Greg Peterson, 770-232-8229
Director, Investor Relations
greg.peterson@agcocorp.com
