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for each share of PXP common stock held, either cash or shares of FCX common stock with a value equal to the sum of 0.6531 shares of FCX common stock and $25.00, subject to proration in the event cash is oversubscribed or undersubscribed. As …
Market Watch · 5/23/2013
On Apr 12, 2013, we upgraded our recommendation on Plains Exploration & Production (PXP) to Outperform from Neutral ... which encouraged us to improve our recommendation on the stock. As of Dec 31, 2012, Plains Exploration & Production’s cash …
Yahoo Finance · 4/15/2013
Of the 58,880,225 shares of Pogo stock outstanding as of the election deadline of 5:00 p.m., Eastern time, on November 5, 2007: - 25,757,516 of the shares, or 43.75%, elected to receive cash; - 25,843,640 of the shares, or 43.89%, elected to receive PXP ...
Oil Voice · 11/6/2007
More from Bing News
... purchase PXP for $6.9 billion in cash and stock. The company will also acquire MMR for $3.4 billion in cash, or $2.1 billion of 36% of MMR's interest currently owned by FCX and PXP. With this acquisition, MMR shareholders will be given a distribution ...
NASDAQ · 12/5/2012
PHOENIX & HOUSTON--(BUSINESS WIRE)--Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) today announced that it has completed its acquisition of Plains Exploration ... per PXP share), the issuance of approximately 91 million shares of FCX …
Business Wire · 5/31/2013
the payment of approximately $3.3 billion in cash ($25 per PXP share), the issuance of approximately 91 million shares of FCX common stock (0.6531 shares per PXP share), equivalent to a value of approximately $2.9 billion based on the closing price of FCX ...
StreetInsider · 5/31/2013
Pursuant to the merger agreement, PXP stockholders were entitled to elect to receive, for each share of PXP common stock held, either cash or shares of FCX common stock with a value equal to the sum of 0.6531 shares of FCX common stock and $25.00 ...
Benzinga · ByPaul Quintaro · 5/16/2013
Mining company, Freeport-McMoRan Copper & Gold Inc.(FCX ... in the second quarter of 2013. FCX will purchase PXP for $6.9 billion in cash and stock. The company will also acquire MMR for $3.4 billion in cash, or $2.1 billion of 36% of MMR’s interest ...
Dividend · 12/5/2012
The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300) This is a FREE report from Insider Monkey.
INSIDER MONKEY · 4/15/2013
PXP will finance the deal with new debt, putting its total debt burden to $7 billion, that’s $2 billion above its current market capitalization, Reuters noted. 23 Oil and Gas Stocks to Sell Now Investors were not happy with the deal. PXP shares tumbled ...
Investor Place · ByChristopher Freeburn · 9/10/2012

Plains Exploration & Production Company

Company
Plains Exploration & Production was an American petroleum company based in Houston, Texas. A spin-off from Plains Resources, In…
Plains Exploration & Production was an American petroleum company based in Houston, Texas. A spin-off from Plains Resources, Inc., the company was founded in 2002. Its operations, as of 2009, were all in North America, including California, Texas, Louisiana, Wyoming, and offshore of California and in the Gulf of Mexico. The company reported proved reserves of 292 million barrels of oil equivalent at the end of 2008, with a potential total of over 2.2 billion BOE. In 2007, it was the fourth-largest oil producer in California. It was acquired by Freeport-McMoRan in May 2013, at which time the former properties of PXP became part of the FCX Oil & Gas Inc. division of Freeport-McMoRan.
Data from: Wikipedia