NYSE:FMCChemicals
How Investors Are Reacting To FMC (FMC) Joining Russell 2000 and Striking a Herbicide Deal
FMC Corporation’s recent index reshuffle saw it drop from several Russell large- and mid-cap benchmarks while being added to the Russell 2000 family, alongside a new co-exclusive supply and license agreement allowing Corteva to commercialize FMC’s rimisoxafen herbicide technology across North and South American corn and soybean markets.
The agreement, which runs into the next decade and includes a US$200 million prepurchase payment from Corteva, underlines the commercial importance of...