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FMC Corp. (FMC) hires Citigroup to find a buyer for its hydrogen peroxide unit, as the...

FMC Corp. (FMC) hires Citigroup to find a buyer for its hydrogen peroxide unit, as the chemicals producer plans to simplify its business and accelerate a share buyback program. The unit posted ~$340M in sales last year, and margins are in the "mid-to-high teens," and could sell for $400M-$450M, or as much as 8x estimated EBITDA, a Longbow analyst says.
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