Freeport-McMoRan Sells $6.5 Billion of Bonds for Plains Buyout
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Freeport-McMoRan Copper & Gold Inc., the mining company purchasing Plains Exploration & Production Co. and McMoRan Exploration Co. for about $9 billion, issued $6.5 billion in a four-part bond sale to help fund the acquisition.
The world’s largest publicly traded copper producer sold $1.5 billion of 2.375 percent, five-year securities to yield