Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers
Mosaic repurchases 43.3 million Cargill shares
10:05 AM MST | December 9, 2013 | Lindsay Frost
Mosiac announced today that it has entered into an agreement to repurchase 43.3 million restricted Class A shares over the next eight months from the Margaret A. Cargill Foundation and the Anne Ray Charitable Trust (MAC Trusts; Cargill). Mosiac will purchase 21.7 million of MAC Trusts’ shares on 8 January 2014 at a price determined by the average closing price of the company’s common stock during the preceding 20-day trading period, the company says. The remaining 21.6 million Class A shares will be purchased by Mosaic in February 2014 in seven equal...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee