10 Firms Dominate Monday Upsurge

5. Mosaic Co. (NYSE:MOS)

Shares of American chemical firm Mosaic (MOS) rose by 8.01 percent on Monday to close at $26.82 each following news that the company entered into an agreement with Fosfatados Centro SPE Ltda for the sale of a phosphate asset owned by Mosaic in Patos de Minas, Brazil.

Upon closing of the transaction, Mosaic is expected to raise $125 million from the sale, payable over six years.

The transaction is subject to regulatory approvals, including approval by the Brazilian Administrative Council for Economic Defense (CADE), and other conditions precedents.

“This transaction aligns with Mosaic’s strategy to scrutinize and monetize non-core assets and redeploy capital to high-returning areas, and we believe the full value of the Patos asset will be realized in the capable hands of Fosfatados Centro,” said Mosaic Executive Vice President Karen Swager. “We are grateful to our employees who have been dedicated to the continued maintenance of the asset.”