Entering text into the input field will update the search result below

Vale +4% on talk of $3B fertilizer unit sale

Sep. 21, 2016 11:58 AM ETVale S.A. (VALE) StockMOS, VALEBy: Carl Surran, SA News Editor3 Comments
  • Vale (VALE +4.1%) shoots higher on speculation that it would announce the sale of 75% of a fertilizers unit to Mosaic (MOS +0.9%) for ~$3B, perhaps as early as today.
  • An O Globo newspaper online blog also said a sale of the remaining 25% of the unit was being negotiated with an undisclosed bidder for ~$1B.
  • Based on information from the O Globo blog, MOS would pay the equivalent of 15x the unit's operational earnings, a "very accretive multiple," according to Banco BTG Pactual.

Recommended For You

About VALE Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
VALE--
Vale S.A.