Deere Shares Trading Lower After Company Reaches Agreement to Sell Irrigation Operations to FIMI Opportunity Funds; Terms Undisclosed;
February 26, 2014 at 18:24 PM EST
Deere & Company (NYSE: DE ) announced today that it has reached a definitive agreement to sell its irrigation operations to FIMI Opportunity Funds, the leading private equity firm in Israel. After being involved in the production of irrigation products for seven years, Deere announced in September its intention