Bloomberg News

Plains Demanded No Freeport Investor Vote as Condition of Deal

By Simon Casey
December 28, 2012

Companies Mentioned

  • PXP

    Plains Exploration & Production Co

    • $48.95 USD
    • 0.01
    • 0.02%
  • FCX

    Freeport-McMoRan Copper & Gold Inc

    • $31.98 USD
    • -0.90
    • -2.81%
Market data is delayed at least 15 minutes.

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