Sale of Majority Interest in John Deere Landscapes Complete

John Deere recently announced that a private equity firm was interested in purchasing majority interest of John Deere Landscapes.

The company has announced the close of the sale to Clayton, Dubilier & Rice (CD&R), an investment firm. 

The transaction will create a new, freestanding enterprise jointly owned by Deere and CD&R.

Deere will receive approximately $300 million in cash and will initially retain a 40 percent equity interest in the business as a result of the transaction.

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