The Mosaic Company (MOS) to Sell Mosaic Potash Carlsbad Operations

The Mosaic Company (NYSE:MOS) is one of the Best Affordable Stocks to Buy According to Analysts. On December 22, The Mosaic Company (NYSE:MOS) announced that it has entered into a definitive agreement with International Minerals Carlsbad to sell its Mosaic Potash Carlsbad operations for $30 million.

Management noted that the deal includes the divestiture of the subsidiary Mosaic Potash Carlsbad, Inc., along with all related operations, assets, liabilities, potash and water businesses, intellectual property, and brands like K-Mag and Dynamate. Moreover, the terms of the deal include an upfront cash payment of $20 million and $10 million in deferred payments across three equal annual installments starting in 2029. The company expects to close the deal in the first half of 2026.

Management noted that this deal aligns with the company’s strategic goal of focusing and streamlining its operations on its higher-return Saskatchewan, Canada assets.

That said, on December 23, Ben Isaacson from Scotiabank reiterated a Hold rating on The Mosaic Company (NYSE:MOS) with a $36 price target. Earlier, on December 18, Edlain Rodriguez from Mizuho Securities reiterated a Hold rating on the stock and lowered the price target from $31 to $28.

The Mosaic Company (NYSE:MOS) is one of the leading global producers of essential crop nutrients, with its business centered on potash and phosphate.

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Disclosure: None. This article is originally published at Insider Monkey.