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FMC to split into two public companies (update)

5:55 AM MDT | March 10, 2014 | Ian Young and Vincent Valk

FMC has announced plans to separate into two independent public companies: New FMC, which will comprised FMC's agricultural solutions and health and nutrition segments; and FMC Minerals, which will comprised FMC's current minerals segment, consisting of the alkali chemicals and lithium businesses. 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 expects to complete the separation in early 2015 and that each...

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