Farm Credit Services of America's board of directors has terminated an acquisition agreement between itself and Dutch banking cooperative Rabobank.
Farm Credit Services of America's board of directors has
terminated an acquisition agreement between itself and Dutch banking
cooperative Rabobank. Rabobank said it had increased the purchase price
offered to Omaha, Neb.-based FCSAmerica by $150 million to $750 million,
which would have resulted in a significant additional payment to
FCSAmerica's 51,000 stockholders. The price increase was 25 percent
higher than the original purchase price contained in an acquisition
agreement of July 30.
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