FMC Raises $403.2 Million in Private Stock Sale to Tessenderlo at $13.30, Targeting 20% Stake
FMC announced a private placement with Tessenderlo Group to sell 30,319,166 common shares at $13.30 per share for approximately $403.2 million, which would lift Tessenderlo's ownership to about 20% upon closing. The deal is contingent on customary approvals. At closing, the parties plan to enter an…