The Mosaic Company Buyback
OLI recorded this information on 5/14/2015
The Mosaic Company
The Mosaic Company (NYSE: MOS) announced today that its Board of Directors approved a new share repurchase authorization in the amount of $1.5 billion, allowing Mosaic to repurchase Class A or common shares, through open market purchases, accelerated share repurchase arrangements, privately negotiated transactions or otherwise. The new authorization has no set expiration date, but it is expected to be completed over the next two to three year period depending on market conditions. The remaining amount under the Company's current authorization has been cancelled.
Mosaic is a producer and marketer of concentrated phosphate and potash crop nutrients. Co. is organized into three reportable business segments: Phosphates, which owns and operates mines and production facilities in Florida that produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana that produce concentrated phosphate crop nutrients; Potash, which mines and processes potash in Canada and the United States and sells potash in North America and internationally; and Mosaic Fertilizantes, which produces and sells concentrated phosphates crop nutrients, phosphate-based animal feed ingredients and potash fertilizer.
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Buy (3.08 out of 4)
(ranked lower than approx. 58% of all stocks covered)
Based on Zacks ABR data;
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