Mosaic’s approved plan for more independence from Cargill in secondary phase

Shareholders voted in favour of Mosaic Co.’s split from Cargill with intentions to distribute Cargill’s 64 percent interest in the company between stockholders and select debt holders. Now the start of their secondary offering will begin, comprising of 100 million shares of common stock of GNS II (U.S.) Corp., which will become the parent to Mosaic and renamed The Mosaic Company. The transaction is expected to be completed by the end of May. The separation is intended to allow the estate of Margaret A. Cargill, the late granddaughter of Cargill founder William Cargill, to sell all of its Cargill shares.