The Rising Influence of Rising Affluence

[DewDiligence]

VALE offers $R25/sh to minority shareholders of Vale Fertilizantes:

http://www.sec.gov/Archives/edgar/data/917851/000095012311097274/c24561e6vk.htm

Kudos to VALE management for waiting until fertilizer valuations moderated rather than trying to do a deal at the peak of fertilizer mania when BHP attempted to acquire Potash.

If the tender for Vale Fertilizantes is successful, the net cost to VALE will be about $1.3B.