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

Paulson & Co. said it supports Freeport-McMoRan Copper & Gold Inc.’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.

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