FMC to acquire Cheminova for $1.8 billion
FMC has agreed to acquire Cheminova from its Danish parent company, Auriga Industries, for $1,800 million, including $340 million of net debt. The all-cash acquisition will be funded through a mixture of debt and existing cash reserves. The deal will be subject to the approval of Auriga shareholders at an extraordinary general meeting in October and by relevant competition authorities. It is expected to be completed in early 2015.