BRIEF-Deere reaches agreement to enable AG Leader to offer products sold by Precision Planting

Wed Oct 12, 2016 6:11pm EDT
 
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Oct 12 (Reuters) - Deere & Co

* Deere -Reached an agreement to enable AG Leader, a precision agriculture competitor, to offer products currently sold by Precision Planting

* Deere & Co says agreement is contingent on Deere completing acquisition of Precision Planting from Climate Corporation

* Agreement will provide AG Leader technologies and licenses necessary to manufacture and sell precision Planting Speedtube and related technology

* Deere & Co- Co anticipates AG Leader will sell Precision Planting components to Retrofit Deere and other brands of planters

* Deere & Co - Agreement is contingent on Deere completing acquisition of Precision Planting from Climate Corporation, a subsidiary of Monsanto Company Source text for Eikon: Further company coverage: