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Freeport-McMoRan to Make Two Acquisitions in 2013

MMR  FCX  PXP  

Linked by The Dividend Daily ( track newsfeed | ignore newsfeed ) - December 05, 09:31AM from (www.dividend.com)

Mining company, Freeport-McMoRan Copper & Gold Inc.(FCX) reported on Wednesday that they will be acquiring both Plains Exploration & Production Company(PXP) and McMoRan Exploration Co.(MMR) in the second quarter of 2013. FCX will purchase PXP for $6.9 billion in cash and stock. The company will also acquire MMR for $3.4 billion in cash, or $2.1 ...

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