We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Mosaic Shareholder Challenges $24B Cargill Sell-Off

Law360 (March 1, 2011, 6:51 PM EST) -- A Mosaic Co. investor filed a class action in Delaware on Monday seeking to block Cargill Inc. from divesting its $24 billion stake in the fertilizer company, saying the deal solely benefits Cargill at the expense of minority shareholders.

The transactions proposed by Cargill — which would allow the agribusiness giant to pay off debt with a portion of its Mosaic shares — unfairly dilute the voting power of minority shareholders and leave them with less valuable shares, according to the complaint lodged by the City...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.