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fertilizer producer Mosaic Co canada goose clearance thecanadagooseoutlet is unlikely in the near term and would be affordable to only a handful of players, executives said in an interview on Tuesday.
canada goose coats on sale The world canada goose coats on sale largest producer of finished phosphate products and North America second biggest potash producer has at Canada Goose Outlet times been the target of takeover chatter since it was spun off by Cargill Inc in 2004. canada goose coats on sale
Canada Goose online Corn, cotton, rice cheap canada goose uk and canada goose black friday sale other crops are key users of Mosaic products and a takeover would instantly create canada goose a global giant in the fertilizer sector as demand grows for protein rich diets in developing countries uk canada goose that is expected to strain farm production. Canada Goose online
Some of Cargill former shares, canada goose uk outlet representing some 30 percent of the company, could Canada Goose Parka be up for grabs Canada Goose sale starting this year, fuelling speculation about who might want control.
Chief Executive Jim Prokopanko said any takeover would be
Canada Goose Outlet somebody wanted to replicate what Mosaic is today, it $60 billion, Prokopanko buy canada goose jacket cheap said. Canada Goose Outlet
canada goose store Mosaic market value is roughly $26.4 billion. canada goose store
Canada Goose sale Prokopanko declined to comment when asked whether Mosaic has been approached by interested buyers in the past year. He said the company is not seeking a buyer. Canada Goose sale
Larry Stranghoener, Mosaic chief financial officer, said the company does not believe a takeover is likely.
canadian goose jacket not a major concern of canadian goose jacket ours, Stranghoener said. don think its canada goose clearance sale a strong likelihood. Given our size, there only canada goose uk shop a few players in the world that could buy us. canadian goose jacket
Canada Goose Jackets POTASH GROWTH ON HOLD, PENDING BHP The company said on Monday it would defer a planned expansion to its potash operations, citing high labor costs in Saskatchewan and flat demand for potash, among other factors. Canada Goose Jackets
That could change, though, Stranghoener said on Tuesday, if rival BHP Billiton Ltd cancels its $14 billion Jansen mine expansion Canada Goose Coats On Sale project in Saskatchewan. Construction of the BHP project is underway, but it still requires Canada Goose Online final board approval.
buy canada goose jacket Mosaic expects BHP to proceed, but if it does not, Mosaic will take a new look at former plans to add another 2 million tonnes of potash capacity, Stranghoener said. buy canada goose jacket
buy canada goose jacket cheap BHP cancellation) would represent a significant change in our supply outlook, he added. buy canada goose jacket cheap
Demand may be flat now, but looks like it will steadily rise in coming years by 3 percent to 3.5 percent annually, Prokopanko canada goose uk black friday said, as high grain prices entice farmers in countries such as India to increase potash use.
world can help but get to $600 a tonne by the end of this decade, he said.
canada goose black friday Canada Goose Sale sale Spot potash prices were just over Canada Goose online $400 per tonne in April, according canada goose store to Potash Corp. canada goose black friday sale
cheap Canada Goose Prokopanko and Stranghoener prefer to focus on expansion markets, citing plans to invest up to $1 billion over four years in a joint venture to produce phosphate in Saudi Arabia with Ma and Saudi Basic Industries Corp JSC (SABIC). cheap Canada Goose
Attractive opportunities for bulking up through mergers or acquisitions are Stranghoener said, but Mosaic is interested in buying smaller phosphate rock producers or distribution assets in South America, especially Brazil.
canada goose clearance DIVIDEND Mosaic plans to have $2 billion in cash by the end of May to buy back some shares that could be sold as part of its complex spin off from Cargill. canada goose clearance
About 129 uk canada goose outlet million shares of Mosaic held by some Cargill shareholders will automatically canada goose factory sale convert to common shares starting in late November, unless they are sold earlier.
Tax restrictions on the shares expire in late May.
canada goose coats Prokopanko and Stranghoener said buybacks, rather than dividends, better remunerate shareholders. Both acknowledged that many shareholders would prefer cash dividend Canada Goose Jackets payments. canada goose coats
canada goose clearance sale now investors want cash, Stranghoener said. can run a company based on what popular today among investors. canada goose clearance sale
canada goose deals Executives should look at the long term canada goose coats financial health of a company before deciding on buybacks or dividends, he said. canada goose deals
Canada Goose Parka The shares of Plymouth, Minnesota based Mosaic rose 0.6 percent to cheap Canada Goose close at $61.64 on Tuesday. The stock has gained about 9 percent so far this year. (Reporting by Rod Nickel and Ernest Scheyder in New York; Editing by Gerald E. McCormick, Andrew Hay and Andre Grenon) Canada Goose Parka.