The Rising Influence of Rising Affluence

[DewDiligence]

DE acquires equipment portion of MON subsidiary for undisclosed price:

http://finance.yahoo.com/news/john-deere-climate-corporation-expand-145800590.html

Deere & Company and The Climate Corporation, a subsidiary of Monsanto Company, have signed definitive agreements for Deere to acquire the Precision Planting LLC equipment business and to enable exclusive near real-time data connectivity between certain John Deere farm equipment and the Climate FieldView platform. The agreements represent the industry's first and only near real-time in-cab wireless connection to John Deere equipment by a third party.

MON, who acquired The Climate Corp for $930M in 2013 (#msg-92614073), will continue to own and operate the data-analysis portion of this business.