AGI confirms, fends off takeover bid
Ag Growth International (AGI) has struck down an unsolicited takeover offer, according to an official statement from the Canadian company. The statement stops short of naming precisely where or from whom the offer originated.
From the AGI statement, distributed via Business Wire on May 29, 2024:
While it is AGI’s policy not to comment on market speculation or rumours, AGI confirms that it received an unsolicited, non-binding and conditional proposal to purchase the Company, which the board of directors, in consultation with financial and legal advisors, thoroughly considered and determined was not in the best interests of AGI or its shareholders. AGI is not in discussions with any third party, nor is there any agreement, understanding or arrangement with respect to any proposal.
CNHi announces another executive departure
A month after the exit of then CEO Scott Wine and the appointment of Gerrit Marx in the same role, CNH Industrial - the parent brand of Case IH - recently announced the exit of the head of its Agriculture division, Derek Neilson, to “pursue entrepreneurial projects outside of the sector.”
Neilson had been with the global equipment manufacturer for 25 years, according to a press release announcing the transition.
While short on details, the release noted Neilson’s accomplishments and thanked him for his service to the company. No mention of an immediate successor or interim appointment has been made as of this posting.
Kubota releases limited edition Sidekick colorway
After making a bit of a splash at CES 2024 with its autonomous concept utility tractor, Kubota is releasing the Sidekick Stone Gray Special Edition UTV in limited quantities, according to an email bulletin from the company.
The four-wheel, two seat utility vehicle features a bold new color, 16 factory assembled accessories - including a WARN AXON 4,500 lb integrated winch and electric bed lift - and is available in limited quantities and coming soon to Kubota dealers in the U.S.
