October 28, 2013 / 2:31 PM / in 4 years

Mosaic share buyback plans not affected by CF deal: CFO

(Reuters) - Mosaic Co’s (MOS.N) 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), 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

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