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The Mosaic Co.

(credit: Jupiter Images)

Mosaic Pays $1.4B For CF Industries Phosphate Unit

The Mosaic Co. plans to buy the phosphate business of CF Industries in a deal the fertilizer producer values at about $1.4 billion. The Plymouth, Minn., company will pay $1.2 billion in cash, plus $200 million to fund an escrow account CF Industries uses to fund certain retirement obligations in Florida.

10/28/2013