Plains Exploration & Production Company

Freeport-McMoRan Copper & Gold and Plains Exploration & Production today announced the final allocation of the merger consideration to be paid in connection with FCX’s pending acquisition of PXP, which was approved by PXP stockholders on May 20, 2013 and is currently expected to be completed on May 31, 2013. This allocation has been determined [...]

Plains Exploration & Production announces that PXP's Board of Directors has declared a special one-time cash dividend of $3.00 per share, payable to PXP stockholders as of May 30, the dividend record date. The dividend is conditioned upon and will be paid immediately prior to or upon the completion of PXP's merger with Freeport-McMoRan Copper [...]

Freeport-McMoRan Copper & Gold and Plains Exploration & Production today announced that the shareholders of PXP approved FCX’s acquisition of PXP at a special meeting held today. A majority of the outstanding shares approved the transaction. The transaction is anticipated to close on May 31, 2013. Following completion of the transaction, there are [...]

Paulson & Co. Inc., whose funds own as of the record date 12,800,000 shares or approximately 9.9% of the outstanding shares of Plains Exploration & Production, today issued the following statement regarding the amended merger agreement between Freeport-McMoRan Copper & Gold and Plains: "Paulson & Co. appreciates the flexibility of both Plains and [...]

Plains Exploration & Production today announced that it has received the approval of Freeport-McMoRan Copper & Gold under the merger agreement between the companies for PXP's Board of Directors to declare a special one-time cash dividend of $3.00 per share. Upon receipt of bank waivers under a credit facility that will terminate in connection with [...]

Freeport-McMoRan Copper & Gold and Plains Exploration & Production today announced the preliminary results of the elections made by PXP stockholders regarding the form of merger consideration to be received in connection with FCX’s pending acquisition of PXP, which is currently expected to be completed on May 20. As previously announced, on [...]

Dear Shareholder, I would like to take this opportunity to urge your support of the merger of Plains Exploration & Production Company (PXP) with Freeport-McMoRan Copper & Gold and to share why I believe that it is in the best interest of the PXP shareholder. There are several factors that positively favor the transaction. They include:

Plains Exploration & Production announced that it received a favorable ruling today in the Court of Chancery of the State of Delaware regarding shareholder lawsuits attempting to enjoin the merger with Freeport-McMoRan Copper & Gold The consolidated action is entitled In re Plains Exploration & Production Company Stockholder Litigation, No [...]

Freeport-McMoRan Copper & Gold today reiterated its support for its proposed transaction with Plains Exploration & Production and its commitment to completing the transaction on the terms agreed with the PXP Board of Directors. FCX and a Special Committee of its Board of Directors formed to consider the transaction also announced that the agreed [...]

Plains Exploration & Production announced its continued support for the strategic merger of PXP with Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) on the previously announced terms. The financial and operational strength of the combined businesses will allow for accelerated value creation across the entire asset portfolio. PXP's Management and [...]