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Stock Market & Financial Investment News

News Breaks
March 17, 2014
11:42 EDTMOS, CFCF Industries completes sale of phosphate business to Mosaic
CF Industries (CF) announced that it has completed the sale of its phosphate business to Mosaic (MOS) for $1.4B or approximately $1B net of taxes and other adjustments. The sale follows the terms of the definitive agreement announced on October 28, 2013. The company said, "The net proceeds from the sale will be redeployed to execute the strategic initiatives we already have in progress, namely our nitrogen capacity expansions and completing our share repurchase authorization. Additionally, the supply agreements we have put in place with Mosaic will provide us a steady base of ammonia demand with attractive economics.” In conjunction with the close of the sale transaction, CF Industries will begin to supply Mosaic with its share of the ammonia produced by the company’s 50% owned production facility in the Republic of Trinidad and Tobago. Additionally, the company has a long-term supply agreement with Mosaic to supply between 600K-800K tons of ammonia per year for up to 15 years from its Donaldsonville nitrogen complex. Deliveries of ammonia will begin no later than January 1, 2017 and will be priced at a defined margin over the cost of natural gas at Donaldsonville.
News For CF;MOS From The Last 14 Days
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March 4, 2015
07:10 EDTCFEntergy Louisiana to power expanded CF Industries facility
Entergy Louisiana (ETR) has signed a five-year agreement to provide an additional 60MW of electricity to power CF Industries' (CF) expanding nitrogen facility in Donaldsonville. CF Industries is on track to complete by early 2016 an expansion that will increase its production capacity at the complex by over 40%. The agreement for the additional 60MW brings the total load at the plant under contract to Entergy Louisiana to 130MW.
February 23, 2015
08:20 EDTCFCF Industries price target raised to $368 from $345 at Susquehanna
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07:40 EDTMOSBMO Capital to hold a conference
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