December 20, 2013
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Shares of American Vanguard Corp. rose about 16% over the last two trading sessions to more than $20 apiece and a $613 million market cap after the company’s second-quarter profits exceeded Wall Street forecasts.
American Vanguard Corp., a Newport Beach-based maker of agricultural chemicals, has through its Netherlands-based international subsidiary, acquired the assets of an herbicide business from E. I. du Pont de Nemours and Co.
Newport Beach-based agriculture chemicals maker American Vanguard Corp. projected weaker fourth-quarter revenue, citing increased inventory levels held by its customers.