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People & Business :: Earnings/Finance
Mosaic and Cargill Trust Complete Share Sale
5:59 PM MST | November 17, 2011 | Vincent Valk
Mosaic has announced that it is repurchasing 21.3 million shares from the Margaret A. Cargill Trust for $1.2 billion, a purchase price of $54.58/share, equal to Mosaic’s closing price on November 16. The repurchase completes the sale of 157 million Mosaic shares designated to be sold following the company’s split-off from Cargill. The sale of the shares, originally scheduled to be complete within 15 months, has occurred ahead of schedule. "The purchase of Mosaic shares represents one of the best investment opportunities we've seen and a...
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