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Tuesday, January 25, 2011

Mosaic execs may sell some stake ahead of Cargill spin-off, (NYSE: MOS)

Mosaic Co's (MOS.N) top executives may sell part of their stake in the world's second-largest fertilizer producer since they would not be able to sell after the planned spin-off from Cargill Inc [CARG.UL]. Last week, agribusiness giant Cargill said it plans to spin off its $24 billion majority stake in Mosaic, a move that could eventually lead to a takeover of Mosaic. [ID:nN18168494] Mosaic's Chief Executive James Prokopanko, Chief Financial Officer Lawrence Stranghoener and others may sell a "modest" part of their stake, the company said in a filing with U.S regulators on Tuesday. Prokopanko and Stranghoener each hold 0.2 percent of Mosaic's total outstanding shares, according to Thomson Reuters Data.

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