AGCO settles disputes with TAFE, sells back stake for $260M, transfers Massey Ferguson brand in India

AGCO CORP /DE

TAFE will repurchase AGCO's remaining shareholdings in TAFE for an aggregate $260 million.
TAFE acquires full ownership of Massey Ferguson brand in India, Nepal, and Bhutan; AGCO retains right of first refusal.
All arbitration and litigation claims are resolved with mutual releases; no admission of liability.
Cooperation agreement imposes permanent standstill on TAFE; TAFE must vote with AGCO board recommendations.
Letter Agreement extended to July 15, 2025, pending closing of buyback and related agreements.

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