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What is Freeport-McMoRan Merger Details and Analysis about?

Freeport-McMoRan Copper & Gold Inc. (FCX) announced agreements to acquire Plains Exploration & Production Company (PXP) and McMoRan Exploration Co. (MMR) for a combined $10.3 billion. Under the deals, FCX will pay $6.9 billion for PXP, consisting of stock and cash, and $3.4 billion for MMR in cash. The acquisitions will make FCX a top global oil and gas producer as well as the world

Author
gvsfans
Language
EN