One of the largest shareholders in Freeport-McMoRan Copper & Gold slammed the company's $9 billion deal to acquire McMoRan Exploration and Plains Exploration & Production, saying Freeport management had broken shareholder trust. "I haven't heard anything on this call that in any way justifies why these companies should be put together," said Evy Hambro, a managing director at BlackRock, on a conference call to discuss the deal.
Freeport-McMoRan Copper & Gold Inc. (FCX) is an international mining company. Shares of FCX fell by 12.98% or $-4.97/share to $33.31. In the past year, the shares have traded as low as $31.08 and as high as $48.96. On average, 14918800 shares of FCX exchange hands on a given day and today's volume is recorded at 103458848.
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