FMC Shares Rise Premarket on Investment from Tessenderlo Group

Dow Jones

07/01

FMC shares moved higher in premarket trading Wednesday after the agricultural-sciences company agreed to sell a roughly 20% stake to Belgian industrial group Tessenderlo Group for $400 million.

Tessenderlo will pay $13.30 a share for the FMC stake, the companies said, a nearly 16% premium to Tuesday's closing price of $11.50 for the Philadelphia company.

FMC shares were recently up 7.4% to $12.35 in premarket trading.

FMC said the investment marks the end of a strategic review process that it launched earlier this year, adding that it will use the funds to repay debt, allowing the company to reach its roughly$1 billion debt paydown target.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

July 01, 2026 06:10 ET (10:10 GMT)

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