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Subsequent Event | 12 Months Ended
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Dec. 31, 2016
Subsequent Events [Abstract] |
Subsequent Event | Subsequent Event On February 9, 2017, the Company reached a binding agreement with the two largest shareholders of Kepler Weber S.A. (“Kepler Weber”) to acquire 35% of the outstanding shares. Kepler Weber is a Brazilian manufacturer of grain handling and storage equipment. The acquisition is subject to Brazilian competition authority approval, the Company ultimately acquiring a minimum of 65% of the outstanding shares of Kepler Weber, and other customary conditions. The Company intends to launch a tender offer to acquire potentially all of the common shares held by the other shareholders. The price agreed by way of the binding agreement was 22.00 Reais per share (or approximately $7.03 per share), valuing Kepler Weber at 578.9 million Reais (or approximately $185.0 million).

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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