AGCO Comments on Letter From TAFE [Yahoo! Finance]
AGCO Corporation (AGCO)
Last agco corporation earnings: 2/6 07:30 am
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Source: Yahoo! Finance
DULUTH, Ga. Sept. 30, 2024 TAFE's interests are fundamentally misaligned with AGCO shareholders, and its letter today is just the latest tactic in its ongoing, self-serving campaign. In fact, TAFE's letter was issued shortly after (i) AGCO prevailed at the Indian Supreme Court against TAFE's efforts to avoid arbitrating one of its commercial disputes, and (ii) AGCO's immediate termination of TAFE's right to use the Massey Ferguson trademark and distribute Massey Ferguson products in India and other countries following TAFE's inappropriate and unauthorized actions. AGCO's Board of Directors, which has been meaningfully refreshed in recent years, is overseeing management's successful execution of the Company's transformation and strategic plan, which resulted in record full-year net sales and adjusted operating margins in 2023, outperforming the global market. AGCO is also on track to deliver structurally higher adjusted operating margins compared to prior industry downturns. AGC
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AGCO
News
- AGCO Launches Employee Relief Fund to Support its Global Team in Times of CrisisPR Newswire
- AGCO Agriculture Foundation Launches Call for Applications for Grant CyclePR Newswire
- TAFE Asserts Rightful Ownership of Massey Ferguson Brand in India and Files Contempt of Court Petition Against AGCOBusiness Wire
- AGCO says top shareholder TAFE cannot use Massey Ferguson tractor brand [Seeking Alpha]Seeking Alpha
- AGCO Comments on Letter From TAFEPR Newswire
AGCO
Earnings
- 7/30/24 - Miss
AGCO
Sec Filings
- 9/30/24 - Form SC
- 9/16/24 - Form 4
- 9/16/24 - Form 4
- AGCO's page on the SEC website