The news out of Brazil caught the headlines of all newswires, with Bloomie’s ‘Mosiac Climbs After Report Vale May Bid $25Bn‘ and Reuters with ‘Vale mulls bid for Cargill’s Mosiac‘ pretty typical of the bunch. But when your humble correspondent clicked open the stories it turns out that the source for the story is the newspaper O Estado de S. Paulo, a medium second to none for its unfounded bullshit and made up stories about takeovers, movers and shakers.
So if you want to get out of MOS, do it today.
We read on Bloomberg Friday afternoon:
Vale Denies Fertilizers Acquisition; Mosaic Falls (Update2)
By Carlos Caminada
July 17 (Bloomberg) — Vale SA, the world’s biggest iron- ore miner, said it hasn’t made any offers to acquire fertilizer assets. Shares of fertilizer producer Mosaic Co. fell CONTINUES HERE