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McMoRan Exploration Co

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  • NEW YORK, May 20- Freeport-McMoRan Copper& Gold Inc took a big step on Monday in its plan to expand into energy, when Plains Exploration& Production Co shareholders approved the miner's $6 billion takeover deal, sweetened by two special dividends.

  • NEW YORK, May 20- Freeport-McMoRan Copper& Gold Inc and Plains Exploration together sweetened the miner's roughly $6 billion takeover bid for Plains by around 8 percent by offering to pay two special dividends if shareholders approve the deal.

  • NEW YORK, May 20- Freeport-McMoRan Copper& Gold Inc and Plains Exploration& Production Co together sweetened the miner's roughly $6 billion takeover bid for Plains by offering to pay two special dividends if shareholders approve the deal.

  • Plains CEO urges shareholders to back Freeport deal Monday, 13 May 2013 | 12:20 PM ET

    May 13- The chief executive of Plains Exploration& Production Co urged shareholders on Monday to vote in favor of Freeport McMoRan Copper& Gold Inc's proposed takeover of the energy company.

  • May 7- Proxy advisory firm ISS said Plains Exploration& Production Co. shareholders should vote against the more than $6 billion proposed takeover of the oil and gas company by Freeport-McMoRan Copper& Gold Inc., dealing a blow to the miner as shareholder resistance to the deal intensifies.

  • *Adjusted Q1 earnings $0.73/ share versus Street view $0.71. *Shares rise 0.9 percent to $28.25 on NYSE. April 18- Freeport-McMoRan Copper& Gold Inc sought to shore up shareholder support for its foray into the U.S. energy sector on Thursday by highlighting the benefit of diversifying into oil and gas at a time when metal prices are softening.

  • Freeport to issue more debt to help fund energy deals Thursday, 28 Feb 2013 | 10:01 AM ET

    TORONTO, Feb 28- Freeport-McMoRan Copper& Gold Inc said on Thursday it plans to issue senior notes through a private placement, with the proceeds to help fund the copper producer's move into oil and gas production.

  • Feb 19- Freeport-McMoran Copper& Gold Inc said on Tuesday it has secured $7 billion in debt financing to help fund its move to diversify into oil and gas. The copper miner said it had reached deals with two bank syndicates for a $4 billion term loan and a $3 billion revolving credit facility.

  • Jan 22- Freeport-McMoRan Copper& Gold Inc's move into energy and gas will place the miner into a heavier weight class of resource companies and offers new opportunities for it to get even bigger, the company said on Tuesday.

  • Freeport has offered to buy Plains Exploration& Production Co and McMoRan Exploration Co for $9 billion, in a deal expected to close in the second quarter of 2013..

  • Jan 22- Freeport-McMoRan Copper& Gold Inc reported a 16 percent rise in fourth-quarter profit Tuesday on higher production of both metals, beating expectations, and forecast increased sales in 2013.. "No big surprises, but then we already had a really big surprise last month, so we've had our fill," analyst Daniel Rohr of Morningstar said of the quarterly results.

  • Jan 18- McMoRan Exploration Co reported its fourth straight quarterly loss on higher costs resulting from repeated failures to launch a key gas well, a delay that has prompted bidder Freeport-McMoRan Copper& Gold Inc to lower its offer.

  • McMoRan posts loss as failed well tests add to costs Friday, 18 Jan 2013 | 8:10 AM ET

    Jan 18- McMoRan Exploration Co reported its fourth straight quarterly loss on higher costs resulting from repeated failures to launch a key gas well, a delay that has prompted bidder Freeport-McMoRan Copper& Gold Inc to lower its offer.

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