Deals
Freeport CEO Open to All Options, Even Sale, After Grasberg
- CEO will seek ‘best deal’ if shareholder-friendly offer made
- Adkerson says no plans to retire, but miner mulling succession
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With a resolution to Freeport-McMoRan Inc.’s Indonesian saga in sight, Chief Executive Officer Richard Adkerson says any strategic move is now possible, including acquisitions, partnerships, or even a sale of the entire company.
Freeport is planning to remain an independent entity, Adkerson said Thursday in a wide-ranging, 90-minute phone interview. “But if an opportunity for us to sell to another company would arise, and that would be good for our shareholders, you would see us trying to get the best deal we can get as opposed to being a company where management is trying to protect itself.”