 "The battle between Indian tractor major Tractors and Farm Equipment (TAFE) and the US based AGCO Corporation over Massey Fergusontrademark has taken a fresh turn with TAFE writing a letter to shareholders of AGCO, raising concerns about the company m")
The battle between Indian tractor major Tractors and Farm Equipment (TAFE) and the US based AGCO Corporation over Massey Fergusontrademark has taken a fresh turn with TAFE writing a letter to shareholders of AGCO, raising concerns about the company management and called for a “restructured and more empowered Board”.
In response to this, AGCO said in a statement that the Chennai-based company’s interests were “misaligned” with the US giant’s other stakeholders and it is a “self-serving campaign” that TAFE is running. TAFE owns approximately 16.3 per cent of AGCO’s outstanding shares.
The public spat comes a day
