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Stock Market & Financial Investment News

News Breaks
December 31, 2012
06:17 EDTFCX, MMRFreeport-McMoRan cut McMoRan Exploration bid after poor well test, Reuters says
Freeport-McMoRan Copper & Gold (FCX) lowered its cash bid for McMoRan Exploration Co. (MMR) by about 5% to $14.75 per share just before it announced plans to buy the company, due to poor test results at one of McMoRan's wells, according to an SEC filing, reports Reuters. Reference Link
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