BRIEF-Deere & Co. plans to contest U.S. govt legal action to block acquisition

08/31/2016 12:30

Aug 31 (Reuters) -

* Deere & Co says it plans to contest legal action announced by U.S. Department of justice to block acquisition of Monsanto's precision planting

* Deere says Department of Justice's "allegations about the competitive impacts of the transaction are misguided"

* Deere says the proposed acquisition benefits farmers by accelerating the development and delivery of new precision equipment solutions

* Deere says "when the transaction is finalized Deere will preserve Precision Planting's independence" Source text for Eikon: [ID: nL1N1BC18D] Further company coverage: (Reporting by Meredith Davis in Chicago)

08/31/2016 12:30

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