Deals Rumor Mill: Vale SA, Apax Partners, Suncor Energy

By Benjamin Horney (June 17, 2016, 5:02 PM EDT) -- Mosaic Co. is in talks to buy the fertilizer unit of Brazilian mining company Vale SA, Reuters reported Friday, in a move that would be meant to bolster Mosaic's presence in South America and Africa. According to the report, the two sides are considering a cash and stock deal that would value the unit at around $3 billion and would see Vale become Mosaic's biggest shareholder, although alternative deal structures are also being discussed. Vale has been mulling what to do with its fertilizer assets since at least April, when reports said the company was considering a spinoff of the assets into a joint venture controlled by Apollo Global Management LLC....

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