Kubota Expects Yen to Push Sales to Record as It Chases Deere

Clayton, Dubilier & Rice ("CD&R") today announced an agreement under which CD&R will acquire John Deere Landscapes ("JDL"), a unit of Deere & Company's (NYSE:DE) Agriculture & Turf segment. Deere will initially retain a 40% ownership stake in the new standalone company. The carve-out transaction is valued at approximately $465 million.

The NeverStop Loaner Guarantee from John Deere offers landscape contractors a 24-hour loaner guarantee on ZTrak, QuikTrak and Walk-Behind mowers. The program will allow landscape contractors to maintain the uptime and productivity of their crews, even while their mowers are being repaired.

Custom Products of Litchfield now offers a brand new aftermarket Cozy Cab option for the John Deere X700 Signature Series. The Cozy Cab is designed for efficient dealer installation, and provides a comfortable cab solution for end-users of John Deere X700 equipment.

Deere & Co. is recalling about 7,000 of its compact utility tractors due to a hazard that can present a risk of serious injury or death to the operator, the Consumer Product Safety Commission reports.

Net income attributable to Deere & Company was $996.5 million, or $2.56 per share, for the third quarter ended July 31.

John Deere enthusiasts will have an opportunity to celebrate the 50th anniversary of the first John Deere lawn and garden Tractor July 26-28 in Horicon, Wisconsin.

This is the third installment in Rural Lifestyle Dealer's "Season-to-Season"? feature with Heritage Tractor. Challenges this summer: Find new ways to partner with customers on equipment, parts and service.

John Deere is expanding its popular line of ZTrak mowers by adding a Flex Fuel model to its fleet. The new, industry exclusive, Z925M Flex Fuel is compatible with ethanol blends up to E85, giving contractors a new alternative fuel option for their fleets.

For the seventh consecutive year, Deere & Company has been included on Ethisphere Institute's "World's Most Ethical Companies" list. The research-based Ethisphere Institute is dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability.