Mosaic deal could raise antitrust concerns, analysts say

|About: The Mosaic Company (MOS)|By:, SA News Editor

Mosaic's (MOS +1.6%) deal to buy the phosphate business of fellow fertilizer producer CF Industries (CF +4.3%) for $1.2B in cash could raise U.S. antitrust concerns, BCMI Research says; MOS now accounts for more than half of North American sales of diammonium and monoammonium phosphates, and its share would rise to around three quarters after the CF deal.

But MOS CFO Larry Stranghoener says the DoJ in the past had viewed the phosphate business as a global marketplace, easing potential competition concerns.

MOS plans to buy back shares will not be affected by the deal, the CFO also says.