Filed under: Deals, Deere and Co (DE)
Early Tuesday morning, tractor titan Deere & Co. (DE) announced that it will sell its wind energy business to a subsidiary of Exelon (EXC). The sale of John Deere Renewables will net the firm $900 million and will allow DE to turn its focus back to producing farm equipment.
Back in February, the company was looking at different options for its Renewables arm. DE will lose a bit of money in the exchange, as it invested roughly $1 billion in wind energy products during the past five years.
Continue reading Deere & Co. to Sell Wind Energy Unit
Deere & Co. to Sell Wind Energy Unit originally appeared on BloggingStocks on Tue, 31 Aug 2010 09:30:00 EST. Please see our terms for use of feeds.
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