FMC Corporation Announces Agreement to Acquire Cheminova for $1.8 Billion

• Cheminova a Denmark-headquartered multinational crop protection company.
• Broadens market access in key geographic regions.
• Expands position in existing crop segments and accelerates access to additional crops.
• Provides new technology applications, including research and formulation expertise.
• Enhances portfolio with complementary products and technologies
• Accretive to adjusted earnings in the first full year.
• Modifies previously announced separation process  ( Alkali + Lithium to be listed as a separate entity as FMC Minerals) with new plan to divest Alkali Chemicals only.  proceeds used to reduce acquisition-related debt.

source: FMC website