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Slide #49. Clayton, Dubilier & Rice, LLC — Majority interest in Deere landscapes business
Clayton, Dubilier & Rice, LLC
Majority interest in Deere landscapes business (NYSE:DE)
Deere & Company (NYSE: DE) has agreed to sell a majority interest in its landscapes business to the private equity investment firm of Clayton, Dubilier & Rice, LLC. John Deere Landscapes has been included in Deere's agriculture and turf segment. As a result of the transaction, Deere will receive approximately $300 million in cash and will initially retain a 40 percent equity interest in the business.
Buy (3.28 out of 4)