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Wednesday, July 17, 2024 | Back issues
Courthouse News Service Courthouse News Service

Giant Merger

WILMINGTON, Del. - Plains Exploration & Production Co. is selling itself too cheaply to Freeport-McMoran Copper & Gold, for $6.9 billion, in a cash and stock deal ($25 per share plus 0.6531 McMoran shares per Plains share), shareholders claim in Chancery Court.

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