Sweetening the pot ahead of today's shareholder vote deciding the fate of Freeport McMoRan's...


Sweetening the pot ahead of today's shareholder vote deciding the fate of Freeport McMoRan's (FCX) proposed takeover of Plains Exploration (PXP), PXP declares a special $3/share dividend and FCX announces a $1/share supplemental dividend to be paid upon closing the acquisition. With a close vote expected, the moves may well tip support in favor of the deal. PXP +6.2%, FCX +0.8% premarket.

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Comments (5)
  • Chris DeMuth Jr.
    , contributor
    Comments (10593) | Send Message
     
    We were against the deal from a PXP perspective but support it now.
    20 May 2013, 08:34 AM Reply Like
  • Clayton Rulli
    , contributor
    Comments (3404) | Send Message
     
    In response PXP is up almost exactly 3 bux but FCX is up .30 cents hmmm
    20 May 2013, 08:42 AM Reply Like
  • yblarrr
    , contributor
    Comments (1183) | Send Message
     
    Can not think of a better way to bride a stockholder than to offer
    them m o n e y!
    20 May 2013, 08:42 AM Reply Like
  • Energysystems
    , contributor
    Comments (2067) | Send Message
     
    Isn't that the entire reason to be in the market? To make money?
    20 May 2013, 08:47 AM Reply Like
  • My Capitalist Pig Side
    , contributor
    Comments (20) | Send Message
     
    Unless you own FCX, then its to donate money.
    20 May 2013, 10:26 AM Reply Like
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