From Adversary to Acquisition: Kubota to Acquire AgJunction for $72.8 M

Kubota Corp. plans to acquire AgJunction, a company that develops guidance, autosteer and autonomy technology, for $72.8 million. 

AgJunction announced the acquisition Oct. 8. Under the terms of the agreement, Kubota will acquire AgJunction in an all-cash transaction of approximately CAD $91 million ($72.8 million USD). Kubota is paying 75 cents CAD (60 cents USD) per share, which is about a 60% premium on the closing price of AgJunction shares on the Toronto Stock Exchange…

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