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BRIEF-AGCO Corp To Sell Grain & Protein Business For $700 Mln
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BRIEF-AGCO Corp To Sell Grain & Protein Business For $700 Mln
Jul 25, 2024 6:28 AM

July 25 (Reuters) - AGCO Corp ( AGCO ):

* AGCO ANNOUNCES DEFINITIVE AGREEMENT TO SELL ITS GRAIN &

PROTEIN

BUSINESS

* AGCO CORP ( AGCO ) - TO SELL GRAIN & PROTEIN BUSINESS FOR $700

MILLION

* AGCO CORP ( AGCO ): PROPOSED DEAL FOR $700 MILLION

* AGCO CORP ( AGCO ) - PROPOSED DEAL FOR ALL-CASH TRANSACTION VALUED

AT

$700 MILLION, SUBJECT TO WORKING CAPITAL AND OTHER CUSTOMARY

CLOSING ADJUSTMENTS.

* AGCO CORP ( AGCO ) - EXPECTS LOSS OF $450M-$475M ON GRAIN & PROTEIN

SALE

* AGCO CORP ( AGCO ) - COMPANY EXPECTS TO INCUR A LOSS ON SALE OF

BUSINESS

IN RANGE OF $450 MILLION TO $475 MILLION.

Source text for Eikon:

Further company coverage:

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