FMC Corporation has completed its previously announced strategic equity investment from Tessenderlo Group NV. The transaction involved the sale of over 30 million shares of FMC's common stock for an aggregate purchase price of approximately $403.2 million, resulting in Tessenderlo Group owning a 20.0% stake in the company.
Key Details
- Investment Details: Tessenderlo Group purchased 30,319,166 shares of FMC common stock at $13.30 per share for a total price of $403,244,907.80.
- Ownership & Governance: The investment, which closed on September 23, 2026, gives Tessenderlo a 20.0% stake in FMC and the right to nominate one director to FMC's board as long as it holds at least a 10% stake.
- Investor Covenants: Under concurrent Investor and Registration Rights Agreements, Tessenderlo is subject to a 36-month lock-up period and standstill restrictions, but gains customary preemptive and registration rights.