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People & Business :: Companies

Mosaic buys back 8.2 million shares from Cargill trusts

6:15 AM MST | February 18, 2014 | Lindsay Frost

Mosaic announced on 14 February that it had entered into a share-repurchase agreement with “certain Cargill family trusts” to buy about 8.2 million shares of Class A stock. These repurchases are included under a $1-billion share-repurchase authorization announced 11 February. The company in December 2013 announced that it had entered into an agreement to repurchase 43.3 million restricted Class A shares over the following eight months from the Margaret A. Cargill Foundation and the Anne Ray Charitable Trust. The transactions are structured into two...

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