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Mosaic repurchases over 21 million Cargill shares

2:24 PM MST | January 8, 2014 | Lindsay Frost

Mosaic announced today that it has completed the previously announced purchase of shares from the Margaret A. Cargill Foundation and the Anne Ray Charitable Trust (MAC Trusts; Cargill). Mosaic acquired the initial 21.65 million restricted Class A shares today at a price of $45.77/share, based on the 20-day volume weighted average closing price preceding 8 January. The purchase is a part of an agreed overall purchase of 43.3 million restricted Class A shares. The remaining 21.65 million shares will be purchased beginning in February 2014 in seven equal...

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