BLOG

AGCO announces tender offer for Kepler Weber

08 March 20171 min reading

AGCO, announced intention to launch a tender offer for the outstanding shares of Kepler Weber S.A., the leading Brazilian manufacturer of grain storage and handling equipment.

agcokepler87AGCO, a worldwide manufacturer and distributor of agricultural equipment, announced intention to launch a tender offer for the outstanding shares of Kepler Weber S.A., the leading Brazilian manufacturer of grain storage and handling equipment. AGCO has reached a binding agreement to acquire their blocks of shares totaling approximately 35 percent of the outstanding shares. The price of the Offer will be 22.00 Brazilian Real (US 7.03 dollars) per share, valuing Kepler Weber at 578,9 million Brazilian Real (US 185 million dollars). “The acquisition of Kepler Weber would significantly enhance our market position in the South American grain handling and storage industry,” said Martin Richenhagen, AGCO’s Chairman, President and Chief Executive Officer. “Kepler Weber’s products are complementary to our GSI’s offerings and are recognized by its customers for their design, quality and innovation. This combination would also provide significant marketing synergies and a leadership position in the South American market as well as further strengthen our capabilities to serve large global customers.”

Articles in News Category
25 January 20191 min reading

Technology boosts China’s grain production in past 40 years

China’s grain production has increased from 135 kilograms per mu in 1978 to 367 kilograms recorded ...

13 September 20183 min reading

Monsanto ordered to pay $289m as jury rules weedkiller cause of man’s cancer

Monsanto suffered a major blow with a jury ruling that the company was liable for a terminally ill ...