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

Dow Jones

Nov 26, 2024

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)

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(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. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1989763690.USD":"东方汇理世代食品基金A2 Acc","LU0471298777.SGD":"Blackrock Nutrition A2 SGD-H","BK4152":"农用农业机械","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","LU0385154629.USD":"贝莱德营养科学基金A2","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU1989763427.SGD":"CPR Invest - Food For Generations A2 Acc SGD-H","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU2211817866.USD":"Allianz Food Security AT Acc USD","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","AGCO":"爱科集团"},"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":0,"need_auth":true,"code":"91000000","status":"200"}}}