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BRIEF-Agco And Trimble Close Joint Venture, Form Ptx Trimble
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BRIEF-Agco And Trimble Close Joint Venture, Form Ptx Trimble
Apr 1, 2024 1:45 PM

AGCO Corp ( AGCO ):

* AGCO AND TRIMBLE CLOSE JOINT VENTURE, FORM PTX TRIMBLE

* AGCO CORP ( AGCO ) - AGCO HAS ACQUIRED AN 85% STAKE IN PTX TRIMBLE

* AGCO CORP ( AGCO ) - GOING FORWARD, PTX TRIMBLE JV WILL BE

CONSOLIDATED

INTO AGCO'S FINANCIAL STATEMENTS

* AGCO CORP ( AGCO ) - FINANCED TRANSACTION THROUGH A COMBINATION OF

$1.1

BILLION IN RECENTLY ISSUED SENIOR UNSECURED NOTES, A $500

MILLION TERM LOAN FACILITY

* AGCO CORP ( AGCO ) - FINANCED TRANSACTION THROUGH OTHER BORROWINGS

AND

CASH ON HAND AS WELL

* AGCO CORP ( AGCO ) - DEAL EXPECTED TO BE ACCRETIVE TO CO'S REVENUE

GROWTH, ADJUSTED OPERATING MARGIN PROFILE AND ADJUSTED EARNINGS

PER SHARE IN FIRST FULL YEAR POST-CLOSE

Source text for Eikon:

Further company coverage:

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