1516 ET - Agco has made some "very generous offers" to resolve a dispute with disgruntled investor and distributor Tractors and Farm Equipment, or TAFE, says CEO Eric Hansotia. "The ball is in TAFE's court now," says Hansotia, who didn't disclose details during a conference call. TAFE has manufactured and distributed Massey Ferguson-brand tractors for Agco in India, Turkey and the Middle East for decades. Agco this spring canceled its contract with TAFE, whose Chairperson Mallika Srinivasan is an Agco director and its largest shareholder at 17%. TAFE sued to block the move and Srinivasan recently criticized Hansotia's management of the company and called for new directors. Agco down 7.7%, at $90.29. (robert.tita@wsj.com)
(END) Dow Jones Newswires
November 05, 2024 15:16 ET (20:16 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。