Recent Updates — FMC
FMC Corporation completed the sale of 30,319,166 shares of common stock to Tessenderlo Group NV at $13.30 per share for an aggregate purchase price of approximately $403 million. Following this transaction, Tessenderlo Group holds approximately 20.0% of FMC's outstanding shares. Concurrently, the parties entered into an Investor Agreement and a Registration Rights Agreement. Under the Investor Agreement, Tessenderlo Group has the right to nominate one independent director to FMC's Board of Directors and appointed Luc Tack as its initial nominee. The agreement includes customary standstill restrictions, a three-year lock-up period for the shares, preemptive rights for Tessenderlo Group, and voting agreements. FMC Corporation operates in the agricultural sciences industry, developing crop protection solutions including herbicides, insecticides, and fungicides.
FMC Corporation reported second quarter 2026 results with revenue of $867 million, a 17 percent decline from the prior year period. The company posted a GAAP net loss of $187 million, or $1.49 per diluted share, compared to a profit in Q2 2025. Adjusted EBITDA fell 26 percent to $153 million, while adjusted EPS declined 62 percent to $0.26. FMC updated its full-year outlook, lowering revenue guidance to $3.50 billion–$3.70 billion and Adjusted EBITDA to $620 million–$680 million due to a challenging macro environment. Strategic actions included signing agreements to sell the India commercial business for $252 million, license rimisoxafen for a $200 million upfront payment, execute a sale-leaseback of its Newark property for $114 million, and secure a $400 million equity investment from Tessenderlo Group. These initiatives aim to generate approximately $1 billion in proceeds for debt reduction. FMC Corporation is a global agricultural sciences company providing crop protection solutions.
FMC Corporation entered into a Stock Purchase Agreement with Tessenderlo Group NV on June 30, 2026, to sell 30,319,166 shares of common stock at $13.30 per share for a total of $403,244,907.80. Upon completion, Tessenderlo Group NV is expected to own approximately 20.0% of the company's outstanding shares. The agreement includes board representation rights for the investor and a 36-month lock-up period. FMC Corporation is an agricultural sciences company providing crop protection products.
FMC Corporation entered into Amendment No. 7 to its Fifth Amended and Restated Credit Agreement on June 16, 2026, which amends the limitation on liens and releases security interests on certain collateral. FMC Corporation is an agricultural sciences company that develops and distributes products for crop protection. crop protection industry.
FMC Corporation entered into a framework agreement to sell its Newark, Delaware property to Ercor Elkton, LLC for approximately $114 million in gross cash proceeds. The company intends to use the proceeds to pay down debt and will negotiate a leaseback agreement to maintain research operations at the Stine Research Center. The transaction is expected to close in the fourth quarter of 2026. FMC Corporation is an agricultural sciences company that develops and manufactures chemical products for crop protection.