NEW YORK Freeport-McMoRan
Copper & Gold Inc.s previously announced acquisition
of Plains Exploration & Production Co.s (PXPs)
oil and gas assets is expected to close May 31 after PXP
shareholders approved the deal at a special meeting May 20.
The deal, announced in late 2012 with an estimated value of
about $9 billion, is intended to help Phoenix-based copper
miner Freeport diversify its portfolio beyond metals (
amm.com, Dec. 5).