Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

PXP shareholders OK Freeport deal

Keywords: Tags  Freeport-McMoran Copper & Gold, copper, Plains Exploration, energy, purchase agreement

NEW YORK — Freeport-McMoRan Copper & Gold Inc.’s previously announced acquisition of Plains Exploration & Production Co.’s (PXP’s) 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 (, Dec. 5).

Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Latest Pricing Trends