FMC Corporation shares climbed more than 8% in pre-market trading after Tessenderlo Group agreed to acquire a 20% equity stake for approximately $400 million. Tessenderlo will purchase FMC shares at $13.30 each, giving the Belgian industrial group ownership of roughly one-fifth of the company's outstanding common stock. FMC said the proceeds will allow it to achieve its target of reducing debt by approximately $1 billion, part of a broader set of balance sheet initiatives that also included a $1.2 billion secured high-yield bond offering and the sale of its commercial business in India for $252 million. The agreement concludes the strategic review process launched by FMC in February 2026, with management reaffirming its commitment to remaining an independent business. Completion of the transaction remains subject to customary closing conditions, including regulatory approvals.
FMC CorporationTessenderlo acquires 20% stake at $13.30/share, providing $400M to reduce debt and concluding strategic review.
Tessenderlo Group N.V.