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Mosaic Co., North America’s second- largest fertilizer producer, rose after a Brazilian newspaper reported that Vale SA is preparing a $25 billion bid for the company. Vale shares fell.O Estado de S. Paulo reported Vale’s possible bid today for Plymouth, Minnesota-based Mosaic, without saying where it got the information. BHP Billiton Ltd. is also interested in the acquisition of Mosaic, the Sao Paulo-based newspaper said.
After touching an intraday high of $50.66 in an opening trade, the Stock is currently trading at $50.00 moved up about 12% on over 8.20 million shares. In the last 52-week, the stock has been trading within a range of $21.94-$142.96.
About The Mosaic Company
The Mosaic Company (Mosaic) is a producer of phosphate and potash crop nutrients for the agricultural industry. The Company operates its business through three business segments: phosphates, potash and offshore. The Phosphates segment produce phosphate fertilizer and feed phosphate which are used in crop nutrients and animal feed ingredients, respectively. The principal inputs used in crop nutrients production are phosphate rock, sulfur and ammonia. The Potash segment mines ad processes potash in Canada and the United States and sells potash in North America and internationally.
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