Paulson to Vote All Shares in Favor of Freeport’s Plains Offer

Paulson & Co. said it supports Freeport-McMoRan Copper & Gold Inc. (FCX)’s $6.12 billion takeover bid for Plains Exploration & Production Co. after the terms of the deal were sweetened.

Paulson will vote its 12.8 million Plains shares, representing a stake of about 9.9 percent, in favor of the deal, the hedge-fund firm said today in a statement.

To contact the reporter on this story: Simon Casey in New York at scasey4@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.