Potter Anderson Advises DuPont in $1.6B Asset Swap with FMC
DuPont announced that it has entered into definitive agreements with FMC, pursuant to which DuPont will divest a portion of its crop protection business to chemical company, FMC Corp., and acquire substantially all of FMC's Health & Nutrition business.
The divestment will satisfy DuPont's commitments to the European Commission in connection with the latter’s conditional regulatory approval of the merger of DuPont and Dow Chemical. The transaction with FMC is expected to close in the fourth quarter of 2017, subject to the closing of the DuPont and Dow merger, in addition to other customary closing conditions.
The Potter Anderson team was led by partners Michael B. Tumas and Roxanne L. Houtman.
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