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Clayton, Dubilier & Rice to Acquire John Deere Landscapes

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.
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USDA Grants Support Federal Partnership for Robotics Research

The U.S. Department of Agriculture's (USDA) National Institute of Food and Agriculture (NIFA) today announced $4.5 million in grants to spur the development and use of robots in American agriculture production. The five grants are part of the National Robotics Initiative (NRI), a federal research partnership that includes NIFA, the National Science Foundation (NSF), the National Institutes of Health (NIH), and the National Aeronautics and Space Administration (NASA).
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