Mosaic Falls 2% After-Hours (MOS)

Shares of The Mosaic Company (NYSE: MOS) are falling in the after-hours trade, currently off by 2.20%. Shares are currently trading at $83.20; they closed the regular session at $85.07.

The companies jointly announced a transaction that would result in the distribution of Cargill's 64% stake in Mosaic to Cargill's shareholders and debt holders.

The transaction is expected to benefit Mosaic by improving its long-term strategic and financial flexibility, as well as greatly increasing the liquidity of Mosaic's common stock.

As a result of the transaction, there will be no change to Mosaic's total outstanding shares.

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients for the global agriculture industry. As of May 31, 2010, the company operated through two business segments: Phosphates and Potash.