Mosaic share buyback plans not affected by CF deal: CFO
(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)
© Thomson Reuters 2017 All rights reserved.