Report
Seth Goldstein
EUR 100.00 For Business Accounts Only

FMC's Crop Chemical Pipeline Reduces Patent Expiration Risk

On March 1, FMC completed the full divestiture of its former lithium business, Livent. FMC transferred all shares of Livent shares held by FMC (approximately 84% of total Livent shares) to existing FMC shareholders at a rate of 0.935301 shares of Livent for each FMC share held. On March 4, FMC shares began to trade on an "ex-dividend" basis, excluding the value of Livent. Accordingly, we have updated our FMC valuation model to reflect the full divestiture of Livent. Our FMC fair value estimate f...
Underlying
FMC Corporation

FMC is an agricultural sciences company. The company provides solutions to growers around the world with a product portfolio fueled by a discovery and development pipeline in crop protection, plant health, and personnel pest and turf management. This combination of technologies includes insect control products based on Rynaxypyr? and Cyazypyr? active ingredients; Authority?, Boral?, Centium?, Command? and Gamit? branded herbicides; Talstar? and Hero? insecticides; and flutriafol-based fungicides. The company's products are used in agriculture to improve crop yield and quality by controlling a range of insects, weeds and disease, as well as in non-agricultural markets for pest control.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Seth Goldstein

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