Mosaic Buys Vale Fertilizer Unit for $2.5 Billion

Mining giant Vale (NYSE: VALE) is getting out of the fertilizer business. It’s selling the unit that concentrates on the activity to U.S. chemical company Mosaic (NYSE: MOS), both companies revealed in separate press releases Monday. The price is roughly $2.5 billion, which will be divided more or less evenly between a $1.25 billion cash payment, and around 42.3 million shares of Mosaic. …read more

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Category: MOS, VALE

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