News Breaks |
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| December 6, 2012 |
| 06:18 EDT |  | FCX | Freeport McMoRan downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Freeport McMoRan (FCX) citing increased leverage and earnings dilution from the company's acquisitions of Plains Exploration (PXP) and McMoRan Exploration (MMR). The firm lowered its price target for shares to $35 from $46. |
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News For FCX From The Last 14 Days Check below for free stories on FCX the last two weeks. |
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| May 20, 2013 |
| 07:41 EDT |  | FCX | Freeport says to declare $1.00/share supplemental dividend after Plains deal
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| 07:41 EDT | | FCX | Freeport says plans $1.5B in assets sales after Plains, McMoRan transactions
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| 07:40 EDT | | FCX | Freeport says to declare $1.00/share supplemental dividend after Plains deal
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| 07:35 EDT | | FCX | 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. |
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| May 19, 2013 |
| 13:37 EDT |  | FCX | Death toll mounts at Freeport's Grasberg mine, Bloomberg reports
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| May 16, 2013 |
| 08:12 EDT | | FCX | Freeport, Plains Exploration announce preliminary results of merger election
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| May 15, 2013 |
| 17:18 EDT | | FCX | BP Capital gives quarterly update on stakes
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| May 14, 2013 |
| 07:29 EDT |  | FCX | BofA/Merrill to host a conference
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| May 13, 2013 |
| 07:36 EDT | | FCX | 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." |
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| May 9, 2013 |
| 14:30 EDT |  | FCX | Options Update; May 9, 2013
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| 08:13 EDT | | FCX | PXP announces support for merger with Freeport-McMoRan
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| 08:02 EDT | | FCX | Freeport McMoRan says agreed terms for Plains Exploration are 'best and final'
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| 08:01 EDT | | FCX | Freeport McMoRan says agreed terms for Plains Exploration are 'best and final'
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| May 8, 2013 |
| 14:03 EDT |  | FCX | Freeport McMoRan reiterated as an Overweight at Morgan Stanley
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| May 6, 2013 |
| 10:49 EDT | | FCX | Cliffs Natural rallies after analyst raises stock to Outperform
Mining company Cliffs Natural (CLF) is climbing after FBR Capital analyst Mitesh Thakkar upgraded the stock to Outperform from Market Perform in a note to investors earlier today. WHAT'S NEW: After meeting with Cliffs' management, Thakkar is more convinced that the company can use various methods to offset declines in iron ore prices. Specifically, Cliffs Natural can reduce its spending on various initiatives, and sell assets to raise cash if necessary, the analyst contended. In addition, there are signs that China's iron ore imports could increase, while Cliffs' stock has slumped 49% this year, making its valuation attractive, the analyst wrote. Thakkar kept a $28 price target on the shares. TODAY'S PRICE ACTION: In mid-morning trading, Cliffs gained 85c, or 4.3%, to $20.75. OTHERS TO WATCH: Other metal producers rose slightly, with Alcoa (AA) adding 0.75% to $8.70, BHP Billiton (BHP) gaining 0.4% to $67.80, and Freeport McMoRan (FCX) gaining 0.75% to $31.40. |
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| 09:49 EDT | | FCX | CR Intrinsic says Plains Exploration worth 40% more than current market price
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| 09:37 EDT | | FCX | CR Intrinsic Investors to vote against Plains Exploration acquisition
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