Freeport-McMoRan (FCX) Hammered on Takeover Deals

Go back to Freeport-McMoRan (FCX) Hammered on Takeover Deals

Freeport-McMoRan (FCX) Acquisitions 'Not' Diversification Play

December 7, 2012 2:35 PM EST

This week Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) investors were stunned by a surprise $9 billion acquisition of Plains Exploration & Production Company (NYSE: PXP) and McMoRan Exploration Co. (NYSE: MMR). The fact that these are oil and gas companies makes... More