Freeport-McMoRan Copper & Gold Inc. won permission from the European Commission on Tuesday to buy much larger Phelps Dodge Corp. for $25.9 billion in cash and stock.
The deal, which would create the world's largest publicly traded copper company, won approval from U.S. antitrust authorities in December.
Freeport-McMoRan will pay $126.46 per Phelps Dodge share, a premium of 33 percent to Phelps Dodge's November 17 closing price.
Read more at Reuters South Africa
Showing posts with label Phelps Dodge Corp. Show all posts
Showing posts with label Phelps Dodge Corp. Show all posts
Tuesday, February 20, 2007
Subscribe to:
Posts (Atom)
