Mergers News

BRIEF-FMC Corp to acquire significant portion of DuPont's crop protection business

March 31 (Reuters) - FMC Corp:

* FMC Corporation announces acquisition of significant portion of DuPont’s crop protection business; simultaneous sale of health and nutrition to DuPont

* FMC will make a cash payment to DuPont of $1.2 billion

* Transactions will be immediately accretive to FMC’S adjusted earnings per share, upon closing

* FMC Corp - FMC health and nutrition will become part of DuPont’s nutrition & health segment

* In 2017, FMC expects the acquired business will generate approximately $1.5 billion in revenue and $475 million of EBITDA

* FMC Corp - expects transaction to be immediately accretive to adjusted earnings per share

* Majority of DuPont’s crop protection research workforce will transfer to FMC as part of this transaction Source text for Eikon: Further company coverage: