Bloomberg News

Plains Demanded No Freeport Investor Vote as Condition of Deal

December 28, 2012

Plains Exploration & Production Co. (PXP:US), which earlier this month agreed to be bought by Freeport-McMoRan Copper & Gold Inc. (FCX:US), 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.

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


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Companies Mentioned

  • FCX
    (Freeport-McMoRan Inc)
    • $36.98 USD
    • 0.69
    • 1.87%
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