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AGCO CORPORATION ANNOUNCES SECONDARY OFFERING

 ATLANTA, July 29 /PRNewswire/ -- AGCO Corporation (NASDAQ: AGCO) announced that it has filed a registration statement with the Securities and Exchange Commission for a public secondary offering of 1,500,000 shares of common stock.
 The common stock is being offered for sale by three equity funds which acquired the stock as part of the original buyout of the company in June 1990. The selling stockholders will receive all of the proceeds from the sale of the common stock and will pay all of the expenses incurred in connection with the offering.
 The offering will be managed by Smith Barney, Harris Upham & Co. Incorporated and Dillon, Read & Co. Inc. and is expected to be completed by the end of August 1993. An additional 225,000 shares may be sold to the underwriters for over-allotments in connection with the offering.
 AGCO is a major distributor and manufacturer of agricultural equipment and related replacement parts in the United States and Canada, offering a full product line, which includes tractors, combines, hay tools, forage equipment and implements.
 A registration statement relating to these shares has been filed but has not become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation with an offer to buy nor shall there by any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 7/29/93
 /CONTACT: Allen W. Ritchie, senior vice president and CFO of AGCO, 404-246-6110/
 (AGCO)


CO: AGCO Corporation ST: Georgia IN: AGR SU: OFR

RA-BN -- AT008 -- 7414 07/29/93 10:42 EDT
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Publication:PR Newswire
Date:Jul 29, 1993
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