AGCO Announces Definitive Agreement To Sell Its Grain & Protein Business In An All-Cash Transaction Valued At $700M
Portfolio Pulse from Benzinga Newsdesk
AGCO Corporation has entered into a definitive agreement to sell the majority of its Grain & Protein business to American Industrial Partners for $700 million in an all-cash transaction. The deal is subject to working capital and other customary closing adjustments.
July 25, 2024 | 1:03 pm
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AGCO Corporation is selling its Grain & Protein business to American Industrial Partners for $700 million in an all-cash transaction. This divestiture could streamline AGCO's operations and provide significant liquidity.
The sale of the Grain & Protein business will provide AGCO with $700 million in cash, which can be used to strengthen its balance sheet or invest in core areas. This divestiture is likely to be viewed positively by investors as it could lead to a more focused and efficient company.
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