Suburban sprawl has been reaching farther and farther into rural communities for years and changing the makeup of those communities. For one Indiana dealership, that sprawl meant it no longer was serving its customers as well as it used to.
During its pitch to potential investors September 26-30, executives of the newly formed CNH Industrial said the long-term focus of the merged CNH Global and Fiat Industrial group is "Stable, value maximizing capital structure with shareholder friendly distribution policy."
Clayton, Dubilier & Rice ("CD&R") today announced an agreement under which CD&R will acquire John Deere Landscapes ("JDL"), a unit of Deere & Company's (NYSE:DE) Agriculture & Turf segment. Deere will initially retain a 40% ownership stake in the new standalone company. The carve-out transaction is valued at approximately $465 million.
Cervus Equipment Corporation ("Cervus") (TSX: CVL) today announced that it has entered into Purchase and Sales Agreements with Bayquip Agricultural Limited and Fieldpower Northland Limited to acquire a total of five John Deere dealership branches in New Zealand. Cervus also announced that it has signed a memorandum of understanding (MOU) to acquire all of the remaining shares of Agriturf Limited that it does not already own.
John Deere announces an official partnership with the Iowa Speedway, Newton, Iowa, and will sponsor the Iowa John Deere Dealer’s 250 NASCAR Nationwide Series race to be held at 1 p.m. on May 22nd.
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