The acquisition of plains offers a 39% premium to that company's closing price last night, while the offer for mcmoran represents a premium of 74% to last night's closing price. Freeport-mcmoran copper & gold inc to acquire plains exploration & production company and mcmoran exploration co in transactions totaling $20 billion, creating a premier us based natural. Case solution for freeport-mcmoran: financing an acquisition by david p stowell, peter rossmann abstract: freeport-mcmoran's acquisition of phelps dodge created the world's largest publicly traded copper company.
$20 billion acquisition: freeport-mcmoran to purchase mcmoran exploration and plains exploration we anticipate that attractive debt financing markets and our strong balance sheet will allow us. Mr arnold is the executive vice president and chief administrative officer of freeport-mcmoran inc he joined freeport-mcmoran in 1991, after working actively with the organization for approximately ten years as a consultant for its business processes and management information systems. View notes - case 2 response from bus_inst 390 at northwestern university freeport-mcmoran: financing an acquisition given that freeport-mcmoran (fcx) already had good existing relationships with.
But the real driving force behind freeport-mcmoran's acquisition was a desire to take advantage of low borrowing rates so it could capture the upside it saw ahead for commodity prices. The indonesian government is expected on thursday to announce the details of a deal to acquire a majority stake in the local unit of us copper miner freeport mcmoran inc, a source with. A november 19, 2006, press release announced freeport-mcmoran copper & gold's (nyse: fcx) acquisition of phelps dodge, creating the world's largest publicly traded copper company fcx chief executive officer richard adkerson said, this acquisition is financially compelling for fcx.
The current company was created in 1981 through the merger of freeport minerals, formerly texas freeport sulphur company and mcmoran oil & gas company, becoming freeport-mcmoran inc early history [ edit . Custom freeport-mcmoran: financing an acquisition harvard business (hbr) case study analysis & solution for $11 finance & accounting case study assignment help, analysis, solution,& example. Acquiring the majority ownership of fi, the subsidiary of american mining giant freeport-mcmoran, would indeed generate big political gains for president joko jokowi widodo ahead of the.
Latham & watkins advises plains on freeport-mcmoran acquisition advice provided on corporate, tax, employee benefits, antitrust, finance, litigation, environmental matters, and mining-related matters. Freeport-mcmoran copper & gold inc (nyse: fcx) today announced that it has completed its acquisition of plains exploration & production compa. Freeport-mcmoran's acquisition of phelps dodge created the world's largest publicly traded copper company jpmorgan and merrill lynch advised the acquirer and arranged $175 billion in debt.
Freeport-mcmoran: financing an acquisition case analysis, freeport-mcmoran: financing an acquisition case study solution, freeport-mcmoran: financing an acquisition xls file, freeport-mcmoran: financing an acquisition excel file, subjects covered capital markets finance international business mergers & acquisitions by david p stowell, peter rossmann source: kellogg school of manage. Freeport-mcmoran copper & gold 1 completion of agreements with two bank syndicates providing committed financing for a $4 billion bank term acquisitions, and. State-owned bank mandiri is not too enthusiastic to help finance the acquisition of freeport indonesia`s shares by inalum due to mark watch as freeport-mcmoran chief executive officer richard adkerson and pt inalum chief executive budi gunadi sadikin exchanges document of an initial.
On march 29, freeport-mcmoran along with tenke fungurume mining completed the acquisition of the kokkola cobalt refinery the acquisition amount was approximately $334 million the acquisition. You can share your opinion and views on various topics from exciting world of finance home mail freeport-mcmoran inc (fcx) did ra and the rest of the c suite back the acquisition or. Freeport-mcmoran in acquisition of plains exploration & production leveraged and acquisition finance company in the proposed sale of plains to freeport.