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Reuters: BASF looked into acquiring FMC Corp. last year

Mar. 22, 2017 2:57 PM ETBASF SE (BASFY) StockFMC, BASFYBy: Carl Surran, SA News Editor4 Comments
  • BASF (OTCQX:BASFY +0.4%) is the only player left among global seeds and pesticides companies worth more than $100B that has not paired up with a major peer, but Reuters reports the company last year looked into acquiring U.S. pesticides peer FMC Corp. (FMC +1.7%)
  • BASF has since decided that such a move would needlessly complicate its examination of several billions in assets put up for sale by merging rivals to allay antitrust concerns, but considers the strategic rationale intact which could be revisited, according to the report.

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