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Updated from 10:44 AM EDT.

NEW YORK (TheStreet) -- Shares of Mosaic (MOS) - Get Free Report were spiking 8.66% to $30.37 on heavy trading volume mid-afternoon Tuesday as competitors Potash (POT) and Agrium (AGU) are in preliminary discussions to merge. 

Potash stock was jumping 11.78% to $17.94 this afternoon, while shares of Agrium were rising 6% to $94.85. 

Agrium said no decision has been made as to whether to proceed with a deal. There can also be no assurance that any transaction will result from these discussions, the company added.

Earlier today, Bloombergreported that the two fertilizer companies were planning to combine, citing sources. The sources added a deal could be announced as soon as next week.

Mosaic is a Plymouth, MN-based producer and marketer of concentrated phosphate and potash crop nutrients.

About 15.53 million of Mosaic's shares changed hands so far today vs. its average volume of 5.02 million shares per day.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on Mosaic stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations.

But the team also finds weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: MOS

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