FMC buys DuPont crop protection assets, sells health and nutrition
DuPont is selling part of its crop protection business to FMC Corp. and acquiring that company’s health and nutrition business to satisfy conditions imposed by the European Commission when it approved DuPont’s merger with Dow Chemical on Monday.
The DuPont-FMC transactions should go a long way toward satisfying concerns by regulators in the U.S. and other countries such as Australia and Brazil that are reviewing the $130 billion union between Dow and DuPont. The companies said they now expect the merger to close sometime in August.
“The remedy we’ve entered into ... is a very global remedy that addresses concerns many of the regulators have around the world,” said Jim Collins, executive vice president of DuPont, in an interview this morning with Agri-Pulse.
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