AGCO says top shareholder TAFE cannot use Massey Ferguson tractor brand [Seeking Alpha]
AGCO Corporation (AGCO)
Last agco corporation earnings: 2/6 07:30 am
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Source: Seeking Alpha
Ferguson tractor brand, saying the Indian company's interests are "fundamentally misaligned" with those of its shareholders. AGCO ( AGCO ) said TAFE is no longer an approved licensee, user, distributor or seller of Massey Ferguson in India, Nepal, Sri Lanka, Bangladesh and Bhutan. TAFE, which owns a 16.3% stake in AGCO ( AGCO ), said separately earlier Monday that the U.S. company should restructure its board and improve capital allocation. "Shareholder-driven changes to AGCO's board and strategy are necessary following strategic missteps and execution issues that have led to a loss of significant market share," TAFE said in a letter AGCO ( AGCO ) has suffered from "strategic missteps and ineffective execution" since Eric Hansotia began holding both Chairman and CEO roles in 2021, TAFE also said. In its response , AGCO ( AGCO ) said TAFE's interests are "fundamentally misaligned with AGCO shareholders," and its letter was issued shortly after AGCO prevailed at the Indian Sup
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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 Comments on Letter From TAFEPR Newswire
- AGCO Comments on Letter From TAFE [Yahoo! Finance]Yahoo! Finance
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