Intellectual Thoughts by Sanjay Panda

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