FMC sells 20% stake to Tessenderlo Group for $403M; board seat, standstill

FMC CORP

Tessenderlo Group to buy 30.3M shares at $13.30 each, total $403M, for ~20% ownership.
Investor gets board nomination right for one director and a board observer while holding ≥10%.
36-month lock-up on shares; standstill restrictions on further acquisitions and activism.
Preemptive rights and demand registration rights granted to investor.
Closing subject to regulatory approvals and customary conditions.

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