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Mosaic Provides Update On Class A Shares



                   Mosaic Provides Update On Class A Shares

PR Newswire

PLYMOUTH, Minn., June 25, 2013

PLYMOUTH, Minn., June 25, 2013 /PRNewswire/ -- The Mosaic Company (NYSE: MOS)
provided an update today on the potential disposition of the 129 million Class
A restricted shares held by the Margaret A. Cargill Foundation, the Anne Ray
Charitable Trust (collectively, the MAC Trusts), and various family
shareholders of Cargill, Incorporated (Cargill).

The two-year anniversary of the transaction resulting in the split-off of
Mosaic from Cargill was May 25, 2013. Since that date, Mosaic has engaged in
discussions with Cargill and the MAC Trusts regarding the disposition of the
Class A shares, including a potential share repurchase transaction. In
connection with these discussions, Mosaic, with the MAC Trusts' support,
requested that Cargill amend the split-off agreement to allow for a negotiated
repurchase of shares by Mosaic from the Class A shareholders prior to November
26, 2013. Following that date, no contractual restrictions remain on share
repurchases.

After considering the request, Cargill declined to amend the agreement to
allow for earlier share repurchases. As a result, Mosaic is not permitted to
engage in open market or negotiated share repurchases until after November 26,
2013. The only practical means for the Class A shareholders to dispose of
their shares prior to that date would be through an underwritten public
secondary offering, which could be initiated by the MAC Trusts prior to June
26, 2013 or Mosaic thereafter. After considering its alternatives, the MAC
Trusts have notified Mosaic that they will not exercise their current right to
request an underwritten public secondary offering.  

Mosaic is disappointed in its inability to effect share repurchases this
summer and looks forward to initiating share repurchases after November 26,
2013. At that time, depending on market conditions and sellers' interest,
Mosaic will consider the repurchase of shares either in a negotiated
transaction with the Class A shareholders or through open market repurchases.

Mosaic continues to target the middle of 2014 to achieve its previously stated
balance sheet targets.

About The Mosaic Company

The Mosaic Company is one of the world's leading producers and marketers of
concentrated phosphate and potash crop nutrients. Mosaic is a single source
provider of phosphate and potash fertilizers and feed ingredients for the
global agriculture industry. More information on the company is available at
www.mosaicco.com.

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Such statements include,
but are not limited to, statements about future financial and operating
results. Such statements are based upon the current beliefs and expectations
of The Mosaic Company's management and are subject to significant risks and
uncertainties. These risks and uncertainties include but are not limited to
the predictability and volatility of, and customer expectations about,
agriculture, fertilizer, raw material, energy and transportation markets that
are subject to competitive and other pressures and economic and credit market
conditions; the level of inventories in the distribution channels for crop
nutrients; changes in foreign currency and exchange rates; international trade
risks; changes in government policy; changes in environmental and other
governmental regulation, including greenhouse gas regulation, implementation
of numeric water quality standards for the discharge of nutrients into Florida
waterways or possible efforts to reduce the flow of excess nutrients into the
Mississippi River basin or the Gulf of Mexico; further developments in
judicial or administrative proceedings, or complaints that Mosaic's operations
are adversely impacting nearby business operations or properties; difficulties
or delays in receiving, increased costs of or challenges to necessary
governmental permits or approvals or increased financial assurance
requirements; resolution of global tax audit activity; the effectiveness of
the Company's processes for managing its strategic priorities; the ability of
Mosaic, Ma'aden and SABIC to agree upon definitive agreements relating to the
prospective joint venture for the Northern Promise Phosphate Project, the
final terms of any such definitive agreements, the ability of the joint
venture to obtain project financing in acceptable amounts and upon acceptable
terms, the future success of current plans for the joint venture and any
future changes in those plans; adverse weather conditions affecting operations
in Central Florida or the Mississippi River basin or the Gulf Coast of the
United States, and including potential hurricanes, excess rainfall or drought;
actual costs of various items differing from management's current estimates,
including, among others, asset retirement, environmental remediation,
reclamation or other environmental regulation, or Canadian resources taxes and
royalties; brine inflows at Mosaic's Esterhazy, Saskatchewan potash mine or
other underground mines; other accidents and disruptions involving Mosaic's
operations, including potential mine fires, floods, explosions, seismic events
or releases of hazardous or volatile chemicals, as well as other risks and
uncertainties reported from time to time in The Mosaic Company's reports filed
with the Securities and Exchange Commission. Actual results may differ from
those set forth in the forward-looking statements.

SOURCE The Mosaic Company

Website: http://www.mosaicco.com
Contact: Media, Rob Litt, The Mosaic Company, 763-577-6187,
rob.litt@mosaicco.com; Investors, Laura Gagnon, The Mosaic Company,
763-577-8213, investor@mosaicco.com
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