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AGCO CORPORATION ISSUES STATEMENT ON REPORTED SALE OF STOCK

 ATLANTA, Sept. 13 /PRNewswire/ -- AGCO Corporation (NASDAQ: AGCO) reported that a release issued by the Washington Service on Sept. 11 reported the sale of 1,850,000 shares of AGCO's common stock by Director Richard Johnston based on his Form 4 filing with the Securities and Exchange Commission ("SEC").
 The company, in an effort to clarify this information, noted that these shares were actually sold by three equity funds managed by Hamilton Robinson & Company, Inc. ("HR&Co.") pursuant to the previously announced secondary offering completed on Aug. 27. Johnston does not directly own these shares; however, as one of the three principals of HR&Co. he was required to file a Form 4 with the SEC. Hamilton Robinson and Scott Oakford, also AGCO directors, are the remaining two principals. The company expects that Form 4 filings of Robinson and Oakford will be processed soon and will hopefully not be misconstrued as sales by the individuals.
 The common stock sold in the secondary offering on Aug. 27 was acquired by the three equity funds as part of the original buyout of the company in June 1990. The offering was purely secondary, no proceeds were received by the company and no shares personally held by the three principals of HR&Co. were sold.
 The company previously reported record earnings for the second quarter of 1993. Robert Ratliff, president and chief executive officer, stated that "the company has seen no slow down in demand in the third quarter, pricing in the industry remains firm and the company remains confident of analysts' earnings estimates."
 -0- 9/13/93
 /CONTACT: Allen W. Ritchie, senior vice president and CFO of AGCO Corporation, 404-246-6110/
 (AGCO)


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

BR-BN -- AT009 -- 1445 09/13/93 16:16 EDT
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Publication:PR Newswire
Date:Sep 13, 1993
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