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The Climate Corporation Announces Close of AGCO’s Purchase of Precision Planting LLC

SAN FRANCISCO--(BUSINESS WIRE)--The Climate Corporation, a subsidiary of Monsanto Company (NYSE: MON), announced today that closing agreements have been signed to finalize AGCO’s purchase of the Precision Planting LLC equipment business. In late July, the companies first announced the transaction. AGCO will now assume ownership of Precision Planting, continuing the development of innovative products that improve efficiency and productivity for farmers around the world.