Freeport-Mcmoran Offers $6b in Notes to Public

New Orleans City Business › March 02, 2007

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Summary

Freeport-McMoRan Copper & Gold Inc. announced today that it intends to offer $6 billion in senior notes to the public.

FCX intends to use the net proceeds from the offering to fund a portion of its purchase of Phelps Dodge Corp. Freeport-McMoRan announced plans last year to acquire the Phoenix-based mining company. Stockholders from each company are scheduled to vote on the acquisition March 14. The value of the deal is worth nearly $26 billion.

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Freeport-Mcmoran Offers $6b in Notes to Public

The joint mana...

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