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Stock Market & Financial Investment News

News Breaks
December 5, 2012
08:46 EDTMMR, FCXFreeport McMoRan acquires McMoRan Exploration for $3.4B in cash
Freeport McMoRan (FCX) said it has agreed to acquire McMoRan Exploration (MMR) for per-share consideration consisting of $14.75 in cash and 1.15 units of a royalty trust, which will hold a 5% overriding royalty interest in future production from MMR’s existing ultra-deep exploration properties. The cash consideration of $14.75 per share represents a premium of 74% to the MMR closing price on December 4. The cash portion of the transaction totals $2.1B, excluding payment for MMR interests currently held by FCX and PXP. The cash premium, excluding interests held by FCX and PXP, totals approximately $900M. The transaction is subject to the approval of the shareholders of MMR, including the approval of an amendment to MMR’s certificate of incorporation, receipt of regulatory approvals and customary closing conditions.
News For FCX;MMR From The Last 14 Days
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July 1, 2015
11:31 EDTFCXStocks with call strike movement; FCX TWTR
Freeport McMoRan (FCX) September 21 call option implied volatility increased 2% to 38, Twitter (TWTR) July 40.50 call option implied volatility increased 3% to 54 according to IVolatility.
June 25, 2015
11:10 EDTFCXStocks with call strike movement; MU FCX
Micron (MU) October 28 call option implied volatility increased 3% to 35, Freeport McMoRan (FCX) November 23 call option implied volatility increased 5% to 36 according to IVolatility.
June 24, 2015
17:06 EDTFCXFreeport McMoRan declares 11.05c special dividend
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16:00 EDTFCXActionable Options for Wednesday, June, 24
iPath S&P 500 VIX Short-Term Futures up 30c to 17.32 Option volume leaders: AAPL FB NFLX BAC VALE MU BABA WMB T F EBAY FCX TWTR BBRY
June 23, 2015
17:05 EDTFCXFreeport-McMoRan Oil & Gas files IPO of $100M of Class A common stock
This is the initial public offering of the Class A common stock of Freeport-McMoRan Oil & Gas. The company is offering $100M of Class A common stock. No public market currently exists for its Class A common stock. The company intends to apply to list its Class A common stock on the New York Stock Exchange under the symbol "FMOG." Freeport McMoRan (FCX) currently owns 100% of Freeport-McMoRan Oil & Gas Class A and Class B common stock.

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