Rabobank and Farm Credit Services of America (FCSAmerica), one of the largest agricultural lenders serving Iowa, Nebraska, South Dakota and Wyoming, announce an agreement for Rabobank to acquire FCSAmerica.Rabobank
Rabobank (Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. and Farm Credit Services of America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. (FCSAmerica), one of the largest agricultural lenders serving Iowa, Nebraska, South Dakota South Dakota (dəkō`tə), state in the N central United States. It is bordered by North Dakota (N), Minnesota and Iowa (E), Nebraska (S), and Wyoming and Montana (W). and Wyoming, announce an agreement for Rabobank to acquire FCSAmerica. Rabobank will acquire all of the shares of FCSAmerica from its nearly 51,000 stockholders for a total cash purchase price of $600 million. Following its acquisition, FCSAmerica will operate as a renamed, wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Rabobank. The senior leadership team of FCSAmerica will remain in place, and no staff reductions or office closings are anticipated as a result of the transaction. |
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