Energy and mining company, Freeport-McMoRan, said it is looking at strategic options for its oil and gas business.» Read More
Oct 6- Freeport-McMoRan Inc, under pressure from activist shareholder Carl Icahn and weak commodity prices, said on Tuesday it is slashing its board size and exploring a return to its roots as a copper-focused mining company. Splitting up the company "is definitely what shareholders want," said Adrian Day, chief executive of Maryland- based Adrian Day Asset...
Oct 6- Freeport-McMoRan Inc, under pressure from activist shareholder Carl Icahn and weak commodity prices, said on Tuesday it is slashing the size of its board and exploring a spinoff or a joint venture for its oil and gas operations. The move sent Freeport shares up more than 5 percent to $11.74 in early trading in New York, with investors welcoming the prospect...
NEW YORK— Freeport-McMoRan said Tuesday that it is considering spinning off its oil and gas business and other strategic alternative to focus on its copper mining business. Earlier this year, Freeport-McMoRan slashed its quarterly dividend 84 percent because of falling oil prices. And in August, Freeport-McMoRan announced a cost-cutting plan due to...
BUZZ- FREEPORT- MCMORAN INC: REVIEWING OPTIONS FOR OIL AND GAS. **Energy and mining company's shares up 2.4 pct at $11.45 premarket. **Announcement comes a week after its biggest shareholder and activist investor Carl Icahn said that company was an example of a "golden" buying opportunity.
Oct 6- Freeport-McMoRan Inc said it is reviewing strategic options for its oil and gas business, including a spinoff or a joint venture, a week after its biggest shareholder Carl Icahn said the energy and mining company was an example of a "golden" buying opportunity. Freeport shares were up 3.5 percent at $11.57 in premarket trading on Tuesday.
Oct 6- Energy and mining company Freeport-McMoRan Inc said it is reviewing strategic options for its oil and gas business, including a spinoff, joint venture or a public offering. Activist investor Carl Icahn owned 8.8 percent of the company as of Sept. 22. Freeport also said it has reduced the size of its board to nine from 16..
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