Market Overview

CR Intrinsic Investors Says Intends to Vote Against Plains Exploration Purchase

Related PXP
Freeport-McMoRan Copper & Gold Completes Oil & Gas Transactions, Creates Premier U.S. Based Natural Resource Company
UPDATE: Freeport-McMoRan Copper & Gold Inc. Announces Intention to Declare $1.00 per Share Supplemental Dividend on Closing of Plains Exploration & Production Company Acquisition and Reiterates Capital Allocation Plan for Oil & Gas Business

CR Intrinsic Investors, LLC today sent a letter to the Board of Directors of Plains Exploration & Production Company (NYSE: PXP) stating that it and its affiliates intend to vote against the proposed acquisition of PXP by Freeport-McMoRan Copper & Gold Inc. on its current terms.

For a full copy of the letter, please click here.

Posted-In: News M&A


Related Articles (PXP)

View Comments and Join the Discussion!

UPDATE: Piper Jaffray Initiates Altisource Residential with Overweight on Low-Cost Integrated Model

Triumph Group Announces Acquisition