McMoRan Exploration Co
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The oil and gas revolution sweeping the U.S. appears to exerting a halo effect on stocks in key industries, and not just those in the energy sector.
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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.
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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.
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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.
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PHOENIX-- Mining company Freeport-McMoRan Copper& Gold, which is on the process of acquiring Plains Exploration& Production Co., said Thursday that about 46 percent of that company's shareholders have elected to receive stock for their shares, while 29 percent have chosen to receive cash.
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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.
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*Plains shares rise, trade at premium to Freeport offer. *Freeport says committed to completing deal, no reason to raise bid.
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*Plains shares rise, now trading at premium to Freeport offer. Institutional Shareholder Services agreed in its report that the Freeport offer is too low, adding that "even at the announcement day valuation of $49.55, the transaction would offer little or no takeover premium to the current stand-alone value.
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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.
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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.
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May 7- Proxy advisory firm ISS said Plains Exploration& Production Co shareholders should vote against the proposed takeover of the oil and gas company by Freeport-McMoRan Copper& Gold Inc, arguing that the mining company's more than $6 billion bid is too low.
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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.
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May 6- CR Intrinsic said on Monday it plans to vote against Freeport McMoRan Copper& Gold Inc's acquisition of Plains Exploration& Production Company because it undervalues the oil and gas company. The acquisition is part of Freeport's big bet on the energy industry, a deal to acquire both Plains and the related McMoRan Exploration Co announced in December.
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*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.
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The oil and gas revolution sweeping the U.S. appears to exerting a halo effect on stocks in key industries, and not just those in the energy sector.
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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.
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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.
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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.
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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..
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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.
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U.S. stock index futures were narrowly mixed as investors digested a batch of corporate earnings.