Lesco shareholders approve Deere merger

By Lisa Kerner

Charlotte, N.C., May 3 - Lesco, Inc. shareholders approved the Feb. 19 agreement and plan of merger for the company to be acquired by Deere & Co. for $14.50 per share.

Roughly 78% of Lesco's common shares present and voting at the special meeting approved the agreement.

The company expects to close the transactions "as soon as practicable," according to a company news release.

Cleveland-based Lesco provides products for the professional green and pest control industries.

Deere, located in Moline, Ill., manufactures and distributes agricultural and commercial equipment.

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