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Mosaic Investors May Sell 35% Stake in May as Cargill Exits

Mosaic Co. shareholders may sell as much as 35 percent of the fertilizer producer’s stock next month as part of Cargill Inc.’s plan to divest its controlling stake.

As many as 157 million shares, the maximum available, may be sold in a secondary offering, Mosaic Chief Financial Officer Larry Stranghoener said. Mosaic said in January at least half the total would be sold in the offering.