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The Mosaic Company Message Board

  • jerseyboy_07030 jerseyboy_07030 Jun 26, 2013 10:14 AM Flag

    Did Management ever discuss this possibility?

    I don't recall MOS management ever saying that the terms of the buyback agreement would have to be amended in order for a deal to go through before November, and that the Cargill trust might very well walk away entirely by simply saying "no" to an amendment. The special cc didn't go into that little detail. Not to my memory. The emphasis was entirely on "negotiation" with Cargill on the first tranche, implying the reaching of an agreement on timing and price; or perhaps no deal because they couldn't come to terms. I wasn't aware that Cargill could say "no" to an agreement that had to be undone in order to proceed with any pre-November negotiations. Does anyone have a different recollection?

    This is brutal. If I'm correct, that MOS was silent on the required amendment, I condemn MOS for not having alerted the public to this potential outcome.

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