Freeport-McMoRan Copper & Gold today announced that it has completed its acquisition of Plains Exploration & Production, adding a high quality portfolio of U.S.-based oil and gas assets to its global mining business. This approximate $16.3 billion transaction included the assumption of $9.7 billion of PXP debt as of March 31, 2013, the payment of [...]
Freeport-McMoRan Copper & Gold and Plains Exploration & Production today announced the final allocation of the merger consideration to be paid in connection with FCX’s pending acquisition of PXP, which was approved by PXP stockholders on May 20, 2013 and is currently expected to be completed on May 31, 2013. This allocation has been determined [...]
Freeport-McMoRan Copper & Gold and Plains Exploration & Production today announced that the shareholders of PXP approved FCX’s acquisition of PXP at a special meeting held today. A majority of the outstanding shares approved the transaction. The transaction is anticipated to close on May 31, 2013. Following completion of the transaction, there are [...]
Freeport-McMoRan Copper & Gold and Plains Exploration & Production today announced the preliminary results of the elections made by PXP stockholders regarding the form of merger consideration to be received in connection with FCX’s pending acquisition of PXP, which is currently expected to be completed on May 20. As previously announced, on [...]
Dear Shareholder, I would like to take this opportunity to urge your support of the merger of Plains Exploration & Production Company (PXP) with Freeport-McMoRan Copper & Gold and to share why I believe that it is in the best interest of the PXP shareholder. There are several factors that positively favor the transaction. They include:
Plains Exploration & Production announced that it received a favorable ruling today in the Court of Chancery of the State of Delaware regarding shareholder lawsuits attempting to enjoin the merger with Freeport-McMoRan Copper & Gold The consolidated action is entitled In re Plains Exploration & Production Company Stockholder Litigation, No [...]
Freeport-McMoRan Copper & Gold today reiterated its support for its proposed transaction with Plains Exploration & Production and its commitment to completing the transaction on the terms agreed with the PXP Board of Directors. FCX and a Special Committee of its Board of Directors formed to consider the transaction also announced that the agreed [...]
Plains Exploration & Production announced its continued support for the strategic merger of PXP with Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) on the previously announced terms. The financial and operational strength of the combined businesses will allow for accelerated value creation across the entire asset portfolio. PXP's Management and [...]
Plains Exploration & Production Company announces 2013 first-quarter financial and operating results. Total daily sales volumes averaged 170.4 thousand barrels of oil equivalent ("BOE"), a 92% increase per diluted share compared to first-quarter 2012.
Plains Exploration & Production Company announces that it is scheduled to release its first quarter 2013 results on Thursday, May 2, 2013 before the market opens and will host its quarterly conference call that same day, Thursday, May 2, 2013, at 8:00 a.m. Central time.
Freeport-McMoRan Copper & Gold and Plains Exploration & Production today announced that PXP will hold a special meeting of its stockholders on May 20, 2013, to vote on the proposed acquisition of PXP by FCX. Stockholders who held shares of PXP common stock at the close of business on March 21, 2013, the record date of special meeting, will be [...]
Plains Exploration & Production Company announces 2012 fourth-quarter and full-year financial and operating results. These results reflect the one month benefit of the Gulf of Mexico assets acquired on November 30, 2012.
