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Global pesticide maker Adama files for a $300 million IPO

Adama Agricultural Solutions, the world's largest producer of generic crop protection chemicals, filed on Monday with the SEC to raise up to $300 million in an initial public offering. The company sells its off-patent herbicides (52% of 2013 revenue), pesticides (23%) and fungicides (19%) in over 120 countries.

The Airport City, Israel-based company was founded in 1945 and booked $3.2 billion in sales for the 12 months ended June 30, 2014. Goldman Sachs and BofA Merrill Lynch are the joint bookrunners on the deal. No pricing terms were disclosed.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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