Mosaic CFO Says Cargill Trust ‘Unwilling’ to Sell Shares Now
Stock Chart for Mosaic Co/The (MOS)
Mosaic Co. (MOS) said a Cargill family trust is “unwilling” to sell its shares in the fertilizer maker at current prices.
While Mosaic is “ready, willing and able” to buy the 21.3 million shares, the Margaret A. Cargill trust believes the price is too low, Chief Financial Officer Larry Stranghoener said on an investor conference call today.
The trust owns the shares as part of Cargill’s spinoff of Mosaic.
To contact the reporter on this story: Christopher Donville in Vancouver at firstname.lastname@example.org
To contact the editor responsible for this story: Tina Davis at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.