FMC to split into two public companies

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PierreBrondeau
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PierreBrondeau
PierreBrondeau

FMC Corporation, Philadelphia, plans to separate into two independent public companies, “New FMC,” which will be comprised of FMC’s Agricultural Solutions and Health and Nutrition segments and “FMC Minerals,” which will be comprised of FMC’s current Minerals segment.

FMC operates a plant near Newark that produces bio-polymers that are used in pills and other products.

The company expects the separation, which remains subject to final board approval and other customary conditions, will take the form of a tax-free distribution of shares to existing FMC shareholders. FMC Corporation expects to complete the separation in early 2015, and each company is expected to be listed on the New York Stock Exchange.

Pierre Brondeau, FMC Corporation president, CEO and chairman, said: “FMC has proactively managed its portfolio during the last four years as part of Vision 2015, including a realignment of our reporting segments early last year.”

Click on the link below for the release:

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via FMC Corp. Announces Separation into Two Independent Public Companies | Philadelphia Citybizlist.

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