Farm Credit Services Backs Away From Rabo Deal

Published online: Nov 10, 2004
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Farm Credit Services of America announced the termination of the merger agreement between FCSAmerica and Rabobank.

The merger agreement was announced July 30. It contemplated that FCSAmerica would be acquired by Rabobank of the EU.

FCSAmerica also announed its rejection of a merger proposal from AgStar Financial Services. The Farm Credit Administration, which regulates FCSAmerica and other Farm Credit System members, has been notified of the decision to terminate the Rabobank transaction process.

The board of directors of FCSAmerica considered a variety of factors and determined that it was in the best interests of FCSAmerica and its stockholders to terminate the merger agreement.