Mosaic share buyback plans not affected by CF deal: CFO

Mon Oct 28, 2013 10:30am EDT
 
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(Reuters) - Mosaic Co's (MOS.N: Quote) plans to buy back shares will not be affected by the fertilizer company's agreement to buy the phosphate business of CF Industries Holdings Inc (CF.N: Quote), Mosaic Chief Financial Officer Larry Stranghoener said on Monday.

Mosaic said earlier it would buy CF's phosphate business for $1.2 billion, but Stranghoener said the deal allows Mosaic to cancel two capital projects.

(Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Gerald E. McCormick)