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Old Posted Jan 20, 2011, 5:32 PM
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Stormer Stormer is offline
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Quote:
Originally Posted by rypinion View Post
I thought I read that it is because the Cargill family wants to diversify their holdings a little.
About half the shares were owned by the original Mr. Cargill's grandaughter who recently died and left almost all her shares to a charitable trust. The trustees naturally don't want all their eggs in one basket. The trust can sell the Mosaic shares but keep the Cargill shares and keep control of Cargill itself within the family. Plus there are tax benefits to doing this.
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