Cargill plans to spin out its 64% stake of fertilizer giant Mosaic to stakeholders over a period of years. Cargill will exchange 179 million Mosaic MOS shares with its own shareholders for their Cargill stock. The remaining 107 million shares will be exchanged with bondholders. The deal will leave Mosaic without a majority shareholder, making it more attractive for a takeover. Some analysts have speculated that Australian giant BHP Billiton (NYSE: BHP) would be a likely suitor.
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