Plains Demanded No Freeport Investor Vote as Condition of Deal
Stock Chart for Freeport-McMoRan Copper & Gold Inc (FCX)
Plains Exploration & Production Co. (PXP), which earlier this month agreed to be bought by Freeport-McMoRan Copper & Gold Inc. (FCX), told Freeport it wasn’t interested in a deal if it required a vote by the acquirer’s shareholders, according to a filing.
Plains terminated talks with Freeport on the deal in September and restarted them a month later, Houston-based Plains said today in a filing.
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