Freeport bid for Phelps Dodge gets antitrust clearance

Dec 26, 2006 | 07:01 AM | Sean Barry

U.S. antitrust authorities have approved Freeport-McMoRan Copper & Gold Inc.'s takeover bid for fellow copper producer Phelps Dodge Corp.

An investigation into the proposed $25.9-billion deal has been conducted and no further action will take place, a spokesman for the Federal Trade Commission said.....

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