Mosaic Co. (NYSE: MOS) announced on Monday that it has agreed to acquire CF Industries Inc.’s (NYSE: CF) phosphate business in an all cash deal of $1.2 billion. The deal will allow both companies to focus more on their core businesses. While Illinois based CF will be able to concentrate more on nitrogen fertilizer business, its main revenue generator, Mosaic’s phosphate production capacity has received a major boost from the deal. Shares of CF, which is the United States’ biggest nitrogen producer, rose about 3.5%, while shares of Mosaic were mainly flat.
Tag: MOS
Major Movers on January 4; CSTR, MOS, LULU, ROVI, FINL
Shares of Coinstar Inc. (NASDAQ: CSTR), a provider of automated retail solutions, are down sharply in early trading today. At last check, CSTR shares were trading 6.13% lower at $48.86 on volume of 22,327. The stock fell to an intra-day low of $48.80 today.
Continue reading Major Movers on January 4; CSTR, MOS, LULU, ROVI, FINL
Major Gainers and Losers in Early Trading on October 2; ILMN, MOS, PCS, GGP, GMED, EXPR
Shares of Illumina Inc. (NASDAQ: ILMN), a developer and manufacturer of life sciences tools and integrated systems for the analysis of genetic variation and function, are soaring in trading today. At last check, ILMN shares were trading 6.61% higher at $52.27 on above average volume of 4.94 million. ILMN shares hit an intra-day high of $52.96 in trading today.