Dorsey Reps Mosaic In $1.4B Fertilizer Deal With CF Industries

Law360, New York (October 28, 2013, 3:41 PM EDT) -- The Mosaic Co. on Monday said it has agreed to buy the phosphate business of CF Industries Inc. for a total of $1.4 billion in compensation, in a fertilizer deal designed to take advantage of savings from the close proximity of two Florida phosphate mines.

Mosaic will acquire the 22,000-acre South Pasture phosphate mine, beneficiation plant, and a phosphate manufacturing facility in central Florida as well as an ammonia terminal and finished product warehouse facilities in Tampa.

Under the terms of the deal, Mosaic said it...
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