Mosiac (MOS) in U.S. $1.4 billion phosphate deal with CF Industries (CF)

Stockhouse Editorial
1 Comment| October 28, 2013


PLYMOUTH, Minn. _ There's a major deal in the North American fertilizer industry.

Minnesota-based Mosaic Co. (NYSE:MOS, Stock Forum), which is primarily a potash producer, says it has a definitive agreement to acquire the phosphate business of CF Industries, Inc. (NYSE: CF, Stock Forum) for $1.2 billion in cash plus $200 million to fund CF's asset retirement obligation.

Mosaic shares rose 1.5% to $46.47 Monday, leaving a market cap of $19.8 billion, based on 425.9 million shares outstanding. The 52-week range is $64.65 and $39.75.

CF Industries rose 4% to $217.94, leaving a market cap of $12.5 billion, based on 57.3 million shares outstanding. The 52-week range is $233.4 million and $169.3 million.

CF Industries will supply Mosaic with between 600,000 and 800,000 tons of ammonia per year from its Donaldsonville, Louisiana nitrogen complex beginning no later than 2017, the company said in a press release. (With files from The Canadian Press).
 
 


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peterfriday
Vale open a new phosphate mine in Peru, possibly other one in Australia with legend international holding seem to fly high as a sleepy condor...
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October 28, 2013
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