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Deere Sells Wind Energy Business

Moline, Ill.-based Deere & Co. has signed an agreement to sell John Deere Renewables, its wind energy business, to Exelon Generation Co., a wholly owned subsidiary of Exelon Corp. Deere said the $900 million sale, including earn-out provisions, will result in an after-tax charge of about $25 million in its fourth-quarter results.

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