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News Breaks
March 17, 2014
11:42 EDTCF, MOSCF 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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October 30, 2014
07:06 EDTMOSMosaic sees FY14 CapEx $1B-$1.2B
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07:05 EDTMOSMosaic sees Q4 Potash total sales volume 2M-2.3M
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07:05 EDTMOSMosaic sees Q4 Phosphates totalsales volume 2.5M-2.8M
Mosaic's realized DAP price, FOB plant, for the fourth quarter is estimated to range from $430 to $450 per tonne. Mosaic's gross margin rate in the segment is expected to be in the mid-teens percent range during the fourth quarter. The operating rate in the segment is expected to be in the 70 to 80 percent range reflecting on-going production curtailment to limit high cost inventory build-up.
07:04 EDTMOSMosaic reports Q3 Phosphates sales $1.7B, 3.3M tonnes
Reports Q3 Potash sales $593M, 18M tonnes.
07:03 EDTMOSMosaic: Improving potash/phosphates demand continued
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07:03 EDTMOSMosaic reports Q3 EPS 54c, compared to 29c a year ago
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October 29, 2014
18:51 EDTCFCF Industries Woodward nitrogen complex shut down for six weeks for repairs
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15:41 EDTMOSNotable companies reporting before tomorrow's open
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07:16 EDTMOSMosaic volatility elevated into Q3 and outlook
Mosaic October weekly call option implied volatility is at 46, November is at 25, December is at 21, January is at 25; compares to its 26-week average of 22 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 30.
October 23, 2014
10:22 EDTMOSMosaic upgraded to Buy from Hold at Standpoint Research
October 20, 2014
12:36 EDTCFOptions with decreasing implied volatility
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09:32 EDTMOSMosaic upgraded to Outperform from Sector Perform at Scotia Capital
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08:58 EDTMOSPartnerRe to provide $100M financing for Mosaic's home solar loan program
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October 17, 2014
05:10 EDTCFYara announces termination of merger discussions with CF Industries
Yara International ASA (YARIY) and CF Industries (CF) have terminated their discussions regarding a potential merger of equals transaction. Torgeir Kvidal, president and CEO of Yara International ASA stated, "This has been a constructive process, with solid work by both parties. We were able to identify significant structural and operational synergies, but in the end it became clear that we would not be able to agree on terms that would be acceptable to all stakeholders."

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