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Stock Market & Financial Investment News

News Breaks
October 12, 2012
06:42 EDTPXPPlains Exploration initiated with an Outperform at BMO Capital
Target $45.
News For PXP From The Last 14 Days
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May 24, 2013
11:28 EDTPXPOptions with decreasing implied volatility: WCRX P CBST NTI BBY PXP
May 23, 2013
11:55 EDTPXPOptions with decreasing implied volatility: AEGR PXP AMRN DSX ACT
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May 22, 2013
17:21 EDTPXPDomino's Pizza to replace Plains Exploration in S&P MidCap 400 as of May 30
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11:56 EDTPXPOptions with decreasing implied volatility: WCRX NTI PXP AMRN BBY
05:59 EDTPXPStocks with implied volatility below IV index mean; PXP MBI
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May 21, 2013
12:32 EDTPXPOptions with decreasing implied volatility: PXP ARNA BBY OPK CSC
08:28 EDTPXPPlains 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 EDTPXPFreeport McMoRan revised offer should secure merger vote, says Cowen
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06:16 EDTPXPStocks with implied volatility below IV index mean; PXP MBI
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May 20, 2013
14:15 EDTPXPPlains shareholders approve Freeport-McMoRan acquisition
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09:42 EDTPXPPaulson & Co. issues statement regarding Freeport-Plains merger
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07:41 EDTPXPFreeport says to declare $1.00/share supplemental dividend after Plains deal
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07:41 EDTPXPFreeport says plans $1.5B in assets sales after Plains, McMoRan transactions
07:40 EDTPXPFreeport says to declare $1.00/share supplemental dividend after Plains deal
07:35 EDTPXPPlains 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 16, 2013
08:12 EDTPXPFreeport, Plains Exploration announce preliminary results of merger election
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May 13, 2013
07:36 EDTPXPPlains 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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