Deere responds to Justice Department move to block acquisition

Deere responds to Justice Department move to block acquisition
 

Deere & Co (DE.N) said its proposal to buy Precision Planting, an agricultural equipment and technology company, will increase consumer choice and directly benefit growers, in a response filed on Wednesday to the U.S. Department of Justice's lawsuit to block the acquisition.
Deere announced its planned acquisition of Precision Planting in November 2015, for about $190 million. Precision Planting's parent is The Climate Corporation, which is a unit of Monsanto Co (MON.N).
In August, the Justice Department said the proposed deal would mean higher prices for high-speed precision planting... read more

 
13 October 2016 in Science &Technology, Views: 43
Source: Reuters
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