BRIEF-FMC Corp to acquire significant portion of DuPont's crop protection business
March 31 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: