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News Breaks | | | | December 5, 2012 | | 08:27 EDT |  | CIE, FCX, PXP, EXXI, MMR | Freeport close to buying McMoRan Exploration, Plains, WSJ reports
Freeport-McMoRan (FCX) is near a deal to acquire McMoRan Exploration (MMR) and Plains Exploration & Production (PXP), Wall Street Journal reports, citing people familiar with the matter. The combined price for both companies could be close to $20B, including debt, one of the people told the Journal. A deal could be announced today, the reported added. Recall that overnight, Financial Times reported that Freeport-McMoRan plans to acquire two big oil and gas companies. Other names with oil and gas exposure trading higher following the reports include Cobalt (CIE) and Energy XXI (EXXI). | |
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News For FCX;MMR;PXP;CIE;EXXI From The Last 14 Days Check below for free stories on FCX;MMR;PXP;CIE;EXXI the last two weeks. |
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| May 21, 2013 | | 12:32 EDT |  | PXP | Options with decreasing implied volatility: PXP ARNA BBY OPK CSC
| | | 08:28 EDT | | PXP, FCX | Plains Exploration announces special $3.00 dividend
The dividend is payable to stockholders as of May 30. The dividend is conditioned upon and will be paid immediately prior to or upon the competition of PXP's merger with Freeport-McMoRan (FCX). The merger is expected to close on May 31, subject to the satisfaction of all conditions to closing. | | | 07:55 EDT |  | PXP, FCX | Freeport McMoRan revised offer should secure merger vote, says Cowen
 Subscribe for More Information | | | 07:00 EDT | | FCX | Freeport McMoRan added to short-term buy list at Deutsche Bank
| | | 06:16 EDT | | PXP | Stocks with implied volatility below IV index mean; PXP MBI
Subscribe for More Information | | | May 20, 2013 | | 14:15 EDT | | PXP, FCX | Plains shareholders approve Freeport-McMoRan acquisition
Subscribe for More Information | | | 09:42 EDT | | PXP, FCX | Paulson & Co. issues statement regarding Freeport-Plains merger
Subscribe for More Information | | | 07:41 EDT | | MMR, PXP, FCX | Freeport says to declare $1.00/share supplemental dividend after Plains deal
Subscribe for More Information | | | 07:41 EDT | | FCX, MMR, PXP | Freeport says plans $1.5B in assets sales after Plains, McMoRan transactions
| | | 07:40 EDT | | PXP, FCX, MMR | Freeport says to declare $1.00/share supplemental dividend after Plains deal
| | | | 07:35 EDT | | FCX, PXP | Plains Exploration declares special $3.00 per share dividend
Plains Exploration (PXP) announced that it has received the approval of Freeport-McMoRan Copper & Gold (FCX) 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 the merger, PXP's Board of Directors intends to declare the dividend to PXP stockholders as of May 30, the expected dividend record date. The dividend will be conditioned upon and paid immediately prior to the completion of PXP's merger with Freeport-McMoRan Copper & Gold. | | | May 19, 2013 | | 13:37 EDT |  | FCX | Death toll mounts at Freeport's Grasberg mine, Bloomberg reports
Subscribe for More Information | | | May 16, 2013 | | 08:12 EDT | | PXP, FCX | Freeport, Plains Exploration announce preliminary results of merger election
Subscribe for More Information | | | May 15, 2013 | | 17:18 EDT | | FCX | BP Capital gives quarterly update on stakes
Subscribe for More Information | | | May 14, 2013 | | 07:29 EDT |  | FCX | BofA/Merrill to host a conference
Subscribe for More Information | | | May 13, 2013 | | 07:36 EDT | | FCX, PXP | Plains Exploration CEO urges holders to support Freeport McMoRan merger
Plains Exploration (PXP) CEO and Chairman James C. Flores urged shareholders to support the merger with Freeport McMoRan (FCX) in a letter. The letter explained that "The strategic nature of the transaction, including the fact that the combination of the PXP, FCX and McMoRan Exploration businesses is expected to create the largest diversified U.S.-based natural resource company with an enterprise value in the top five among global mining peers, increase geographic diversification of the combined company within the U.S. and increase commodity diversification for the combined company. The scale of the combined company, which will enable it to compete more effectively than either PXP, FCX or MMR on a standalone basis, through increased cash flow and lower cost of capital investment in future development projects, exploration and acquisitions." | | | May 9, 2013 | | 14:30 EDT | | FCX | Options Update; May 9, 2013
Subscribe for More Information | | | 11:34 EDT | | MMR | Options with increasing implied volatility: BKS MMR LIFE GDI
Subscribe for More Information | | | 08:13 EDT | | PXP, FCX | PXP announces support for merger with Freeport-McMoRan
Subscribe for More Information | | | 08:02 EDT | | PXP, FCX | Freeport McMoRan says agreed terms for Plains Exploration are 'best and final'
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