12:58 PM EDT, 08/06/2024 (MT Newswires) -- AGCO's ( AGCO ) largest shareholder, Tractors and Farm Equipment, is seeking to replace AGCO ( AGCO ) directors through consent solicitation process, before their terms complete on next annual shareholder meetings, Bloomberg reported Tuesday, citing people familiar with the matter.

TAFE said AGCO ( AGCO ), a maker of tractors and other agricultural equipment, has been outperformed by rivals and has wasted billions of dollars on bad deals.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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