Freeport reiterates support for PXP buy, won’t lift offer

May 09, 2013 | 06:05 PM |

Tags  Freeport-McMoRan Copper & Gold, Plains Exploration & Production, PXP, McMoRan Exploration, Richard Adkerson, James Moffett, oil, gas energy

NEW YORK — Freeport-McMoRan Copper & Gold Inc. remains committed to its proposed acquisition of Plains Exploration & Production Co.’s (PXP’s) oil and gas assets under previously agreed terms.

Freeport reiterated its support for the deal, but said it won’t increase the consideration offered to PXP shareholders of 0.6531 shares of Freeport common stock and $25 in cash after a special committee of its board....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results