Freeport-McMoRan Copper & Gold Inc. (FCX): Is it a Good Buy Post-Acquisition?
From Insider Monkey - Free Hedge Fund and Insider Trading Data
December 31, 2013 - 10:30am
Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) recently announced plans to acquire Plains Exploration & Production and McMoRan Exploration for $3.4 billion (McMoRan) and $2.1 billion (Plains), net the 36% of McMoRan interests currently owned by Freeport and Plains. Billionaire George Soros is one Freeport’s biggest fans, upping his stake over 200% last quarter (see George [...]
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