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Mosaic receives approval from Department of Justice for phosphates acquisition

5:17 AM MST | January 16, 2014 | Lindsay Frost

Mosaic says it has received approval from the Department of Justice (DOJ) under its Hart-Scott-Rodina Antitrust Improvement Act for the $1.4-billion acquisition of CF Industries' phosphates business. DOJ has closed its review and terminated the waiting period as of end of day 15 January. The final closing of the transaction remains conditional on receipt of other regulatory approvals, Mosaic says. Mosaic announced in October 2013 that it would be acquiring CF Industries' phosphates mining and manufacturing business for $1.4 billion, which includes $200 million to...

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