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 ...

Quick View
Related News Stories
Subtle Changes Following West Explosion
Nitrogen Plant Shut Down in Alberta
Chemical Board Plans Meeting in West
Blast Victims' Families Seek Closure
DTN Retail Fertilizer Trends
Uralkali 2013 Profit Slumps
DTN Retail Fertilizer Trends
Potash Corp Names New CEO
Canada's Grain Transport Conundrum
DTN Retail Fertilizer Trends