The Mosaic Company (MOS) Announces Accelerated $400M Share Buyback

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Go back to The Mosaic Company (MOS) Announces Accelerated $400M Share Buyback

Mosaic Announces $400 Million Accelerated Share Repurchase Program

February 24, 2022 6:42 PM EST

TAMPA, FL / ACCESSWIRE / February 24, 2022 / The Mosaic Company (NYSE: MOS) today announced that it has entered into an accelerated share repurchase ("ASR") agreement with Goldman Sachs & Co. LLC ("Goldman Sachs") to repurchase $400 million of Mosaic's common stock.

Under the ASR agreement, Mosaic will make a payment of $400 million to Goldman Sachs and will receive an initial delivery of approximately 7.1 million shares of Mosaic's common stock on February 28, 2022. This represents 80% of the estimated total number of shares expected to be delivered upon completion of the ASR and is based on today's... More