Deere & Co. has been notified in a letter from the U.S. Securities and Exchange Commission Enforcement Division staff that its investigation of Deere has been completed and it does not plan to pursue any enforcement action.
The decision was reported today in a news release issued by Deere.
In August 2011, the Moline-based Deere confirmed it was subject to an inquiry concerning alleged payments to foreign officials in Russia and surrounding countries. At that time, Deere stated that it had received an SEC request to produce documents related to the company’s activities, and those of third parties, in certain foreign countries.
Deere said it fully cooperated with the SEC during the investigation and is pleased to report the investigation’s conclusion.