Freeport-McMoRan announced today that its Board of Directors has declared a supplemental common stock dividend of $1.00 per share to be paid on July 1, 2013 to shareholders of record as of June 14, 2013. The supplemental dividend to be paid in July is in addition to FCX’s regular quarterly common stock dividend of $0.3125 per share. Based on approximately 1,038 million common shares outstanding, the supplemental dividend [...]
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 based on an FCX stock price of $32.17 per share, which is the average of the [...]
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 expected to be approximately 1,038 million shares of FCX outstanding.
Freeport-McMoRan Copper & Gold announced today that its Board of Directors intends to declare a supplemental dividend of $1.00 per share of common stock immediately following the closing of the pending acquisition of Plains Exploration & Production. This supplemental dividend would be in addition to FCX’s regular quarterly common stock dividend of $0.3125 per share. The payment of the dividend is intended to benefit both [...]
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 December 5, FCX and PXP announced that they had entered into a definitive merger [...]
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 terms are “best and final” and that Freeport did not intend to increase the [...]
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 Board of Directors have been informed both by FCX and by the Special [...]
McMoRan Exploration announced today that, in connection with the pending merger with Freeport-McMoRan Copper & Gold, MMR has delivered notices regarding the effect of the merger as applicable to holders of the following series of its outstanding convertible securities in accordance with the applicable certificates of designation and indentures:
Freeport-McMoRan Copper & Gold and McMoRan Exploration today announced that MMR will hold a special meeting of its stockholders on June 3, 2013, to vote on the proposed acquisition of MMR by FCX. Stockholders who held shares of MMR common stock at the close of business on April 4, 2013, the record date of the special meeting, will be entitled to vote on the proposed merger. The transaction is expected to close on June 3 [...]
Freeport-McMoRan Copper & Gold and Plains Exploration & Production today announced that PXP will hold a special meeting of its stockholders on May 20, 2013, to vote on the proposed acquisition of PXP by FCX. Stockholders who held shares of PXP common stock at the close of business on March 21, 2013, the record date of special meeting, will be entitled to vote on the proposed merger.
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX): Net income attributable to common stock for first-quarter 2013 was $648 million, $0.68 per share, compared with net income of $764 million, $0.80 per share, for first-quarter 2012. Consolidated sales from mines for f ...
Freeport-McMoRan Copper & Gold announced today the completion of the previously announced transaction for FCX and its joint venture partners to acquire from OM Group, Inc., a large scale cobalt chemical refinery located in Kokkola, Finland, and related sa ...
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