Simpson Thacher Represents Special Committee of the Board of Directors of The Mosaic Company in Connection with Split-off of Cargill’s Stake in Mosaic
01.19.11
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Simpson Thacher represents the Special Committee of the Board of Directors of The Mosaic Company (“Mosaic”) (NYSE: MOS) in connection with the split-off and distribution of Cargill’s 64% stake in Mosaic. The transaction would result in the distribution of Cargill’s shares in Mosaic (286 million shares) to Cargill’s shareholders and debt holders. The transaction involves a recapitalization of Mosaic’s stock followed by the split-off and orderly distribution of Mosaic shares over time. 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.
Mosaic is one of the world’s leading providers of crop nutrients and feed ingredients for the global agriculture industry. Cargill is a privately held international producer and marketer of food, agriculture, financial and industrial products and services.
The Simpson Thacher team includes Casey Cogut, Eric Swedenburg, Ellen Rosenberg, Ashwin Cheriyan, Viktor Sapezhnikov and David Shapiro (M&A); Joe Kaufman and Brian Rosenzweig (Capital Markets); and Steve Todrys and Jonathan Talansky (Tax).