FMC Corporation receives antitrust clearances needed to close proposed acquisition of DuPont Crop Protection assets
Sep. 22, 2017
"FMC is pleased to have received CCI's approval," said Pierre Brondeau, FMC president, CEO and chairman. "We are on track to close our transactions with DuPont on November 1, 2017."
FMC announced on March 31, 2017 the signing of a definitive agreement for FMC to acquire a portion of DuPont's Crop Protection business that it must divest to comply with the European Commission ruling related to its merger with The Dow Chemical Company. FMC will acquire DuPont's global chewing pest insecticide portfolio, its global cereal broadleaf herbicides, and substantially all of DuPont's global crop protection R&D capabilities. Additionally, DuPont will acquire FMC's Health and Nutrition segment and receive $1.2 billion in cash.
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