FARM BUSINESS NEWS
Mon Dec 9, 2013 09:20 AM CST

(Dow Jones) -- Mosaic Co. agreed to purchase all of the Margaret A. Cargill Foundation and the Anne Ray Charitable Trust's restricted Class A shares in the fertilizer company.

"This agreement demonstrates our confidence in the future and effectively puts the Cargill split-off transaction behind us," said Jim Prokopanko, Mosaic's chief executive. "This is a major step toward our goal of a more efficient balance sheet by mid-2014."

In 2011, privately held agribusiness giant Cargill Inc. said it would give up its majority stake in Mosaic in a transaction valued at about $24.3 billion. The deal was largely driven by ...

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