|Bid||8.820 x 305900|
|Ask||8.830 x 310600|
|Day's range||8.630 - 8.865|
|52-week range||7.805 - 10.202|
|PE ratio (TTM)||22.86|
|Earnings date||23 Mar. 2016 - 28 Mar. 2016|
|Forward dividend & yield||N/A (N/A)|
|1y target est||9.47|
FMC Corp (FMC) will divest a portion of its European herbicide portfolio to Nufarm to satisfy its commitments to the European Commission related to its recent acquisition of a major portion of DuPont's Crop Protection business.
Agricultural chemicals and seeds supplier Nufarm says its purchase of a portfolio of European herbicides for cereal crops for about $US85 million ($A119 million) will boost its earnings. The company is buying eight formulations based on four main active ingredients primarily used to control broadleaf weeds in cereal crops. US-based FMC Corporation is selling the portfolio to meet the European Commission requirements related to FMC's acquisition of certain crop protection assets from DuPont.
Chemical supplier Nufarm has agreed to pay $691 million for a European portfolio of crop protection products, and has its eye on another acquisition. The purchase announced on Tuesday includes established brands of herbicides, fungicides, insecticides, seed treatments and plant growth regulators sold in 29 countries including Germany, Spain, France and Italy. Nufarm said the acquisition from Adama Agricultural Solutions, Syngenta Crop Protection and related companies covered more than 50 formulations and more than 260 registrations.
DAVIS, Calif.--(BUSINESSWIRE)-- Marrone Bio Innovations (MBI), Inc. (NASDAQ:MBII - News) and Nufarm Australia Limited announced today the signing of a commercial agreement to develop GRANDEVO® Bioinsecticide, with Nufarm to be the exclusive distributor in Australia and New Zealand (ANZ). Royden Hearn, ANZ Lead Portfolio Solutions at Nufarm said, “We are excited to be working with MBI and see GRANDEVO® as an exciting step forward in integrating biorationals into what we do.