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McMoRan (MMR) Had 'Limited Success' in Unblocking Davy Jones No. 1

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Freeport-McMoRan (FCX) on Watch after McMoRan Exploration (MMR) Davy Jones Update

December 27, 2012 8:32 AM EST

Freeport-McMoRan Copper & Gold (NYSE: FCX) is on watch Thursday following news that takeover target McMoRan Exploration (NYSE: MMR) had "limited success" in unblocking Davy Jones No. 1.

On December 5, Freeport-McMoRan announced plans to acquire both Plains Exploration & Production... More