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BRIEF-Monsanto terminates agreement for sale of precision planting equipment business
May 1, 2017 / 8:46 PM / 8 months ago

BRIEF-Monsanto terminates agreement for sale of precision planting equipment business

May 1 (Reuters) - Climate Corporation

* Monsanto terminates agreement for sale of precision planting equipment business

* Climate Corporation says John Deere also announced today their termination of Digital Ag Connectivity agreement with Climate Corporation

* Announces Monsanto’s termination of their agreement with Deere & Co for acquisition of Precision Planting LLC equipment business

* Termination of Digital Ag Connectivity deal to have no impact on existing climate fieldview customers who currently use John Deere’s wireless data server technology

* Intends to sell precision planting equipment business, has spoken with several third parties that have expressed interest in purchasing it Source text for Eikon: Further company coverage:

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