Plains Exploration & Production Company (PXP) announced it has received the approval of Freeport-McMoRan Copper & Gold Inc. (FCX) for Board to declare a special one-time cash dividend of $3.00 per share. The Board intends to declare the dividend to stockholders as of May 30, 2013, the expected dividend record date. The dividend will be paid immediately prior to the completion of merger with Freeport-McMoRan Copper & Gold Inc.
Freeport-McMoRan Copper & Gold Inc. (FCX) announced that its Board intends to declare a supplemental dividend of $1.00 per share of common stock immediately following the closing of the pending acquisition of Plains Exploration & Production Company. The payment of the dividend is intended to benefit both current shareholders and the Freeport-McMoRan shares to be issued in connection with the pending acquisition.
Freeport-McMoRan Copper & Gold also announced that, assuming completion of the pending acquisitions of Plains Exploration & Production Company and McMoRan Exploration Co. (MMR), it plans to complete $1.5 billion in asset sales from the combined company and/or to reduce its capital spending plans.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.