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Monsanto Terminates Agreement for Sale of Precision Planting Equipment Business

SAN FRANCISCO--(BUSINESS WIRE)--The Climate Corporation, a subsidiary of Monsanto Company (NYSE: MON), today announced Monsanto’s termination of their agreement with Deere & Company for the acquisition of the Precision Planting LLC equipment business. The agreement was announced in November 2015, and closing has been delayed by Department of Justice concerns with the transaction.