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Freeport-McMoRan Inc. Message Board

  • truth_is_the_mother_of_hatred truth_is_the_mother_of_hatred Jan 25, 2013 8:01 AM Flag

    say it again andy, love Goober

    Freeport-McMoRan Copper & Gold (NYSE:FCX): Closing price $34.64

    The miner’s $9 billion acquisition of McMoRan Exploration Co. and Plains Exploration & Production Co. has placed the buyer and its directors in the interesting situation of being sued by its own shareholders for overpaying, which has only happened in a very few deals. A slew of lawsuits in Delaware accuses Freeport and its directors of paying too little for, as well as paying too much for the companies.

    Sentiment: Strong Buy

11.11-0.27(-2.37%)May 24 4:02 PMEDT