Tessenderlo Group N.V. TESB

FMC stock is coming off a steep three year slide, with the share price down about 88% over that period, yet the company still screens as cheap on several valuation checks at a time when fresh capital and asset sales are aimed at shoring up the balance sheet. The roughly 88% share price decline over three years puts FMC in a deep hole, which often signals either a severe reset in expectations or a potential value opportunity if fundamentals can support a turnaround. The planned US$400 million...

Belgian group to invest $400 million in FMCShares of FMC Corporation (NYSE:FMC) climbed more than 8% in pre-market trading on Wednesday after the agricultural sciences company announced that Tessenderlo Group (XBRU:TESB) will acquire a 20% equity stake in a transaction valued at approximately $400 million. Under the definitive agreement, Tessenderlo will purchase FMC shares at $13.