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Deere & Co reaches agreement to sell irrigation operations


Wednesday, 26 Feb 2014 06:00pm EST 

Deere & Co:Says it has reached a definitive agreement to sell its irrigation operations to FIMI Opportunity Funds, the leading private equity firm in Israel.After being involved in the production of irrigation products for seven years, Deere announced in September its intention to seek strategic options for the irrigation operations known as John Deere Water.Closing is expected in the second quarter of the 2014 calendar year.Terms of the sale are not being made public.BofA Merrill Lynch served as the exclusive financial advisor to Deere for the strategic review. 

Company Quote

81.99
-0.35 -0.43%
30 Sep 2014