Mosaic buys ADM's Brazil, Paraguay fertilizer distribution business for $350M

• Mosaic (NYSE:MOS +0.9%) agrees to acquire Archer Daniels Midland's (ADM -1.5%) fertilizer distribution business in Brazil and Paraguay for $350M.
• MOS says the acquisition would increase its annual distribution in the region to ~6M metric tons of crop nutrients from ~4M.
• The parties also negotiate terms of five-year fertilizer supply agreements providing for MOS to supply ADM's fertilizer needs in Brazil and Paraguay.