$AGCO (AGCO Corporation)

$AGCO {{ '2016-04-29T15:37:53+0000' | timeago}} • Announcement

$AGCO said its Board of Directors declared a regular quarterly dividend of $0.13 per common share to be paid on June 15, 2016 to all stockholders of record as of the close of business on May 16, 2016.

$AGCO {{ '2017-09-05T14:01:04+0000' | timeago}} • Announcement

$AGCO unveiled IDEAL, its new combine harvester, in Breganze, Italy. IDEAL will be available in three of $AGCO's core brands, Challenger, Fendt and Massey Ferguson and will debut at Agritechnica in November 2017. The new combine will be launched into different markets in 2018.

$AGCO {{ '2017-08-25T14:58:52+0000' | timeago}} • Announcement

AGCO Parts, a wing of $AGCO, maker of agricultural equipment, broke ground on the expansion to its parts distribution center in Regina, Saskatchewan. This will be the largest AGCO Parts investment in North America. The facility, to be completed by early 2018, would hike inventory by 30% and provide 50% more storage. Financial details are awaited.

$AGCO {{ '2017-08-25T13:50:03+0000' | timeago}} • Announcement

AGCO Parts, a division of $AGCO, announced and broke ground on the expansion to its parts distribution center in Regina, Saskatchewan. This will be the largest AGCO Parts investment in North America. Once completed, the additional storage will allow for faster parts delivery to AGCO customers in Western Canada.

$AGCO {{ '2017-08-24T20:17:29+0000' | timeago}} • Announcement

$AGCO, a manufacturer and distributor of agricultural equipment, entered into a JV agreement for the manufacture of protein production equipment with Thailand-based CP Group, a producer of swine, chicken and eggs in Asia. Both will each own 50% of the JV and the production would begin in early 2019 in an upcoming plant at CiXi City in China.

$AGCO {{ '2017-08-24T11:02:18+0000' | timeago}} • Announcement

$AGCO entered into JV agreement for the manufacture of protein production equipment with CP Foods. $AGCO and CP Foods will each own 50% of a manufacturing JV which will produce protein production solutions for $AGCO's GSI division and CPF companies. Manufacturing is expected to begin in early 2019 in a plant to be constructed in CiXi City, China.

$AGCO {{ '2017-07-26T17:28:51+0000' | timeago}} • Announcement

Agricultural solutions provider $AGCO has signed a definitive agreement with $MON subsidiary Climate Corp. to acquire the Precision Planting equipment business from Climate Corp. The FieldViewTM digital agriculture platform of Climate Corp. will retain connectivity with Precision Planting’s 20/20 SeedSense monitor.

$AGCO {{ '2017-07-12T14:15:50+0000' | timeago}} • Announcement

$AGCO, a manufacturer of agricultural equipment, has declared a regular quarterly dividend of $0.14 per common share. The dividend is payable on September 15, 2017 to all stockholders of record as on August 15, 2017.

$AGCO {{ '2017-04-28T17:06:55+0000' | timeago}} • Announcement

$AGCO's BoD declared a regular quarterly dividend of $0.14 per common share. The dividend will be paid on June 15, 2017 to all stockholders of record as of the close of business on May 15, 2017.

$AGCO {{ '2017-04-28T16:44:03+0000' | timeago}} • Announcement

$AGCO elected Suzanne Clark, Senior EVP of the U.S. Chamber of Commerce, to its BoD effective immediately. Clark will serve on the Compensation and Succession Planning Committees.

$AGCO {{ '2017-04-28T15:03:53+0000' | timeago}} • Announcement

In 1Q17, $AGCO's sales decreased 5.7% in North America;  increased 31.1% in South America; fell 4% in Europe/Middle East; and rose 22.1% in Asia/Pacific/Africa.

$AGCO {{ '2017-04-28T14:59:50+0000' | timeago}} • Announcement

$AGCO said weak global demand for farm equipment will continue to negatively impact its sales and earnings in 2017. Net sales for 2017 are expected to reach $7.7Bil. Gross and operating margins are expected to be improved from 2016 levels due to benefits from cost reduction initiatives. FY17 EPS is targeted at approx $2.70.

$AGCO {{ '2017-04-28T14:55:25+0000' | timeago}} • Announcement

Agricultural equipment maker $AGCO swung to a loss of $10.1MM in 1Q17, from a profit of $7.8MM in the year-ago quarter. Loss per share was $0.13, compared to EPS of $0.09 in 1Q16. However, net sales were $1.6Bil, up 4.4% YoY. Adjusted for special items, net loss was 0.02 per share.

$AGCO {{ '2017-04-25T17:57:38+0000' | timeago}} • Announcement

$AGCO, a worldwide manufacturer and distributor of agricultural equipment and solutions, mourned the passing of founder and former President, Chairman and CEO Robert Ratliff.

$AGCO {{ '2017-03-13T12:47:46+0000' | timeago}} • Announcement

$AGCO said it has reached an agreement in principle to acquire the forage division of Lely Group. Lely's forage division is a manufacturer of balers and loader wagons in Europe. The transaction is subject to regulatory approval and is expected to close in 4Q17. Terms of the transaction were not disclosed.

$AGCO {{ '2017-03-08T16:38:40+0000' | timeago}} • Announcement

$AGCO received a new multi-year, statewide contract with the State of Michigan Department of Technology, Management & Budget. Effective immediately, all eligible agencies will have access to buy Massey Ferguson tractors and implements through a pre-negotiated contract.

$AGCO {{ '2017-02-10T11:47:30+0000' | timeago}} • Announcement

$AGCO plans to tender offer to buy up to all shares held by the other shareholders for purpose of delisting Kepler Weber shares from the Sao Paulo Stock Exchange. The price of the Offer will be $7.03 per share, valuing Kepler Weber at $185MM. Rabobank is acting as financial advisor to $AGCO and Pinheiro Neto Advogados is serving as legal advisor.

$AGCO {{ '2017-02-10T11:45:47+0000' | timeago}} • Announcement

$AGCO plans to launch a tender offer for outstanding shares of Kepler Weber, the Brazilian manufacturer of grain storage and handling equipment. $AGCO reached binding agreement with the two shareholders of Kepler Weber, Caixa de Previdencia dos Funcionarios do Banco do Brasil and BB - Banco de Investimento S.A., to buy their 35% blocks of shares.

$AGCO {{ '2017-01-26T22:53:56+0000' | timeago}} • Announcement

$AGCO BoD has increased the company's quarterly dividend to $0.14 per outstanding share, up $0.01 from $0.13 per outstanding share paid last quarter. The dividend is payable on March 15, 2017 to all stockholders of record on February 15, 2017.

$AGCO {{ '2016-09-20T18:32:32+0000' | timeago}} • Announcement

Manufacturer and distributor of agricultural equipment $AGCO reappointed Martin Richenhagen, Chairman, President and CEO of the company to the President’s Advisory Council on Doing Business in Africa.

$AGCO {{ '2016-07-26T15:03:06+0000' | timeago}} • Announcement

Agricultural equipment maker $AGCO said its BoD declared a regular quarterly dividend of $0.13 per common share. The dividend will be paid on Sept. 15, 2016 to all stockholders of record as of the close of business on Aug. 15, 2016.

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