AGCO reaches agreement with TAFE on key commercial issues
AGCO has entered into a set of agreements with Tractors and Farm Equipment Limited (TAFE). The agreements resolve all outstanding disputes and other matters related to the commercial relationship between AGCO and TAFE, TAFE’s shareholding in AGCO, and ownership and use of the Massey Ferguson brand. All legal proceedings and commercial agreements between AGCO and TAFE will now be terminated, with agreed wind-down provisions. TAFE has agreed to participate in future share repurchase programs that AGCO executes but retains the right to maintain but not exceed its current ownership level of 16.3%. Continue reading AGCO reaches agreement with TAFE on key commercial issues at Industrial Vehicle Technology International.

AGCO has entered into a set of agreements with Tractors and Farm Equipment Limited (TAFE).
The agreements resolve all outstanding disputes and other matters related to the commercial relationship between AGCO and TAFE, TAFE’s shareholding in AGCO, and ownership and use of the Massey Ferguson brand.
All legal proceedings and commercial agreements between AGCO and TAFE will now be terminated, with agreed wind-down provisions.
TAFE has agreed to participate in future share repurchase programs that AGCO executes but retains the right to maintain but not exceed its current ownership level of 16.3%.
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