Agco Calls Director's Question for Shareholders 'Misguided' -- Market Talk

Dow Jones

2024-11-26

1816 ET - Agco says director Mallika Srinivasan's plan to ask shareholders to vote next spring on separating the chairman and chief executive's jobs is "another misguided reaction" to Agco's decision to cancel its contract with Srinivasan's company, Tractor and Farm Equipment, or TAFE, to build and distribute Agco's Massey Ferguson-brand tractors in India, Turkey and the Middle East. Agco says in a regulatory filing that "TAFE's own interests are fundamentally misaligned with other Agco's shareholders." Srinivasan, who is Agco's largest shareholder, has been critical of Agco Chairman and CEO Eric Hansotia's management of the farm-equipment company. Agco flat in after hours trading, at $101.04. (robert.tita@wsj.com)

(END) Dow Jones Newswires

November 25, 2024 18:16 ET (23:16 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Agco says in a regulatory filing that \"TAFE's own interests are fundamentally misaligned with other Agco's shareholders.\" Srinivasan, who is Agco's largest shareholder, has been critical of Agco Chairman and CEO Eric Hansotia's management of the farm-equipment company. Agco flat in after hours trading, at $101.04. (robert.tita@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 25, 2024 18:16 ET (23:16 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Agco Calls Director's Question for Shareholders 'Misguided' -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAgco Calls Director's Question for Shareholders 'Misguided' -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-26 07:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  1816 ET - Agco says director Mallika Srinivasan's plan to ask shareholders to vote next spring on separating the chairman and chief executive's jobs is \"another misguided reaction\" to Agco's decision to cancel its contract with Srinivasan's company, Tractor and Farm Equipment, or TAFE, to build and distribute Agco's Massey Ferguson-brand tractors in India, Turkey and the Middle East. Agco says in a regulatory filing that \"TAFE's own interests are fundamentally misaligned with other Agco's shareholders.\" Srinivasan, who is Agco's largest shareholder, has been critical of Agco Chairman and CEO Eric Hansotia's management of the farm-equipment company. Agco flat in after hours trading, at $101.04. (robert.tita@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 25, 2024 18:16 ET (23:16 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2486629480","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486629480","pubTimestamp":1732576560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1816 ET - Agco says director Mallika Srinivasan's plan to ask shareholders to vote next spring on separating the chairman and chief executive's jobs is \"another misguided reaction\" to Agco's decision to cancel its contract with Srinivasan's company, Tractor and Farm Equipment, or TAFE, to build and distribute Agco's Massey Ferguson-brand tractors in India, Turkey and the Middle East. Agco says in a regulatory filing that \"TAFE's own interests are fundamentally misaligned with other Agco's shareholders.\" Srinivasan, who is Agco's largest shareholder, has been critical of Agco Chairman and CEO Eric Hansotia's management of the farm-equipment company. Agco flat in after hours trading, at $101.04. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"爱科称董事向股东提出的问题“被误导”——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AGCO":0.9},"content_text":"1816 ET - Agco says director Mallika Srinivasan's plan to ask shareholders to vote next spring on separating the chairman and chief executive's jobs is \"another misguided reaction\" to Agco's decision to cancel its contract with Srinivasan's company, Tractor and Farm Equipment, or TAFE, to build and distribute Agco's Massey Ferguson-brand tractors in India, Turkey and the Middle East. Agco says in a regulatory filing that \"TAFE's own interests are fundamentally misaligned with other Agco's shareholders.\" Srinivasan, who is Agco's largest shareholder, has been critical of Agco Chairman and CEO Eric Hansotia's management of the farm-equipment company. Agco flat in after hours trading, at $101.04. (robert.tita@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 25, 2024 18:16 ET (23:16 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}