Monday, August 15, 2022 | 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.

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.

Loading
Loading...