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Deere & Co To Sell Majority Interest In Landscapes Business To Clayton, Dubilier & Rice


Monday, 28 Oct 2013 09:01am EDT 

Deere & Co announced that it has agreed to sell a majority interest in its landscapes business to the private equity investment firm of Clayton, Dubilier & Rice, LLC. John Deere Landscapes has been included in Deere's agriculture and turf segment. As a result of the transaction, Deere will receive approximately $300 million in cash and will initially retain a 40% equity interest in the business. 

Company Quote

84.09
0.12 +0.14%
29 Aug 2014