FMC Corporation Announces Acquisition of Significant Portion of DuPont’s Crop Protection Business; Simultaneous Sale of Health and Nutrition to DuPont
- FMC will acquire the portion of DuPont’s Crop Protection business required to be divested by a European Commission ruling related to DuPont’s merger with The Dow Chemical Company.
- DuPont will acquire FMC Health and Nutrition.
- FMC will make a cash payment to DuPont of $1.2 billion.
- These transactions will be immediately accretive to FMC’s adjusted earnings per share, upon closing.1
PHILADELPHIA, March 31, 2017 – FMC Corporation (NYSE:FMC) and DuPont (NYSE:DD) today announced the signing of a definitive agreement for FMC to acquire the portion of DuPont’s Crop Protection business it must divest to comply with the European Commission ruling related to its merger with The Dow Chemical Company. Additionally, DuPont will acquire FMC Health and Nutrition and receive $1.2 billion in cash. FMC will acquire DuPont’s global chewing pest insecticide portfolio, its global cereal broadleaf herbicides, and a substantial portion of DuPont’s global crop protection R&D capabilities. In 2017, FMC expects this acquired business will generate approximately $1.5 billion in revenue and $475 million of EBITDA.2
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