The latest update is out from Agco ( (AGCO) ).

AGCO Corporation has successfully sold its Grain & Protein business to American Industrial Partners for $700 million, marking a pivotal step in its strategy to focus on high-growth agricultural machinery and precision technology. The proceeds will primarily be used for debt repayment, technological investments, and returning capital to shareholders, aligning with AGCO’s long-term growth objectives.

See more data about AGCO stock on TipRanks’ Stock Analysis page.