NYSE:FMCChemicals
FMC (FMC) Sells Research Real Estate As Debt Reduction Adds To Undervalued View
FMC (FMC) has agreed to sell underused real estate at its Newark, Delaware Stine Research Center for about US$114 million, while leasing back key R&D facilities and directing the cash to debt reduction.
See our latest analysis for FMC.
FMC’s latest real estate and credit agreement moves come after a difficult stretch for shareholders, with the share price down 27.7% over the past 90 days and the 1 year total shareholder return falling 72%. This points to fading momentum despite recent debt...