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Stock Market & Financial Investment News

News Breaks
December 5, 2012
11:16 EDTFCXFreeport McMoRan says positive on minig business; this deal is an 'add-on'
The Freeport McMoRan CEO said: "This is an add-on to our mining business and not a diversion from the strategy that we've been on. We have extraordinary set of assets, margin and growth opportunities in the mining business. And we are going to continue to pursue those operations, development opportunities from our existing reserves and resources, and we're going to continue to look for new opportunities to grow with the mining business."
News For FCX From The Last 14 Days
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September 11, 2014
08:39 EDTFCXFreeport McMoRan to purchase non-core assets from Quaterra for $5M
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September 3, 2014
14:41 EDTFCXFreeport McMoRan sells Kinetics Climax division for $55M
Dynacast International announced that Dynacast, a wholly-owned subsidiary of the company, entered into a definitive agreement to acquire 100% of the outstanding equity of Kinetics Climax. Kinetics is a wholly-owned subsidiary of Climax Engineered Materials, a Freeport-McMoRan Inc. company. Pursuant to the Stock Purchase Agreement, or SPA, executed on August 27, the purchase price payable to Climax upon closing of the acquisition is $55M less debt and transaction expenses and will be subject to a post-closing working capital adjustment. The SPA also provides for a cash earn-out payment, not to exceed $15M, based on the financial performance of Kinetics through December 31, 2015. The transaction, which is subject to customary closing conditions, is expected to close on or about September 30.
September 2, 2014
10:02 EDTFCXOn The Fly: Analyst Downgrade Summary
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07:47 EDTFCXFreeport McMoRan downgraded to Equal Weight from Overweight at Morgan Stanley
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