Mosaic share buyback plans not affected by CF deal -CFO

Mon Oct 28, 2013 10:27am EDT

Oct 28 (Reuters) - Mosaic Co's plans to buy back shares will not be affected by the fertilizer company's agreement to buy the phosphate business of CF Industries Holdings Inc, Mosaic Chief Financial Officer Larry Stranghoener said on Monday.

Mosaic said earlier it would buy CF's phosphate business for $1.2 billion, but Stranghoener said the deal allows Mosaic to cancel two capital projects.