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Blue Harbour Takes 'Friendly' Stake in AGCO

Clifton Robbins’s firm holds talks with a farm equipment supplier that appears ripe for improvement.

Shares of AGCO Corp. surged about 2.5 percent Friday after Clifton Robbins’s Blue Harbour Group disclosed the night before that it had taken an activist position in the farm equipment manufacturer. The Greenwich, Connecticut, hedge fund firm said in a regulatory filing that it boosted its stake to nearly 4.7 million

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