Fox Business - The Power to Prosper
Search Site

Richard Adkerson

Related Topics

  1. Richard Smith
  2. Richard Davis
  3. Julian Day
  4. Gary Kelly
  5. Howard Levine
  6. Paul Jacobs
Get updates on Richard Adkerson
Plains CEO urges shareholders to back Freeport deal

The chief executive of Plains Exploration & Production Co urged shareholders on Monday to vote in favor of Freeport McMoRan Copper & Gold Inc's proposed takeover of the energy company.The open letter from CEO James Flores follows recommendations by two proxy advisory firms, ISS and Glass Lewis & Co, that shareholders vote against the $6 billion deal, arguing that it undervalues the oil and gas company.Freeport said on Thursday that it does not plan to raise its offer, which values each Plains share at $25 plus 0.6531 of its common stock, calling the terms of the friendly deal "best and final.In December, copper miner Freeport announced plans to buy Plains as well as another oil and gas company, McMoRan Exploration Co , aiming to diversify into the U.S. energy sector in a hedge against copper's uncertain outlook.Flores said in his letter to shareholders that as result of the takeover the combined company would be stronger and better positioned to develop future projects.Flores stands to...

Read More ›

  1. BlackRock's Hambro: Freeport McMoRan Broke Investors' Trust

    Not everyone welcomed Freeport McMoRan Copper & Gold Inc.'s (FCX) announced move into oil and gas Wednesday."I find it incredibly disappointing that you have chosen ...

  2. Freeport McMoRan CEO Says Oil Acquisitions No Diversion From Mining

    Freeport McMoRan Copper & Gold Inc.'s (FCX) acquisition of energy companies McMoRan Exploration Co. (MMR) and Plains Exploration & Production Co. (PXP) won't be a di...

  3. Freeport-McMoRan Shells Out $9B in Pair of Deals

    Freeport-McMoRan Copper & Gold (NYSE:FCX) sealed a pair of big deals on Wednesday to acquire full control of Plains Exploration (NYSE:PXP) and McMoRan Exploration (N...

  4. Freeport McMoRan CEO: Considering Listing Part of Indonesia Unit

    Freeport McMoRan Copper & Gold Inc. (FCX) has been in discussions with the Indonesian government to extend its contract of work agreement beyond 2021 and is consider...

  5. Freeport McMoRan CEO: Copper Market Headed For Deficit In 2012

    Freeport McMoRan Copper & Gold Inc.'s (FCX) chief executive said the fundamentals of the copper market remain strong, supported by low inventories of the industrial ...

  6. Freeport McMoRan CEO: Seeing 'Progress' In Indonesia Operations

    Freeport McMoRan Copper & Gold Inc.'s (FCX) copper-mining operations in Indonesia are back on track after labor-related disruptions during the first quarter, Chief E...

  7. US copper import rise points to healthier economy

    By Chris KellyNEW YORK (Reuters) - Shipments of copper into theUnited States rose for a fourth straight month in July to theirhighest levels since March 2009, signal...

  8. Best Paid CEOs

    Who are the best paid CEOs?

  1. Freeport-McMoRan 2012 Earnings Fall 35%; Output Slips

    Freeport-McMoRan Copper & Gold Inc. (FCX), the world's largest listed copper-mining company, saw its 2012 earnings fall 35% as copper and gold output declined at its...

  2. Freeport McMoRan CEO: Cobalt Focus Led To Refinery Purchase

    Freeport McMoRan Copper & Gold Inc. (FCX) acquired a share in a cobalt refinery in the Democratic Republic of Congo as part of the company's continued focus on cobal...

  3. Freeport McMoRan CEO: 2012 Was 'Abnormal' for Company

    Freeport McMoRan Copper & Gold Inc. (FCX) had unusually low copper production in 2012, said Chief Executive Richard Adkerson.Mr. Adkerson said 2012 was an "abnormal"...

  4. Freeport's frustrated dealmaker Adkerson strikes again

    Freeport McMoRan Copper & Gold Inc Chief Executive Richard Adkerson is known for taking big risks - building his company around mines in Asia, spending nearly $26 bi...

  5. Freeport makes $9 billion energy bet; Wall Street pans deal

    Freeport-McMoRan Copper & Gold Inc struck a deal to buy Plains Exploration & Production Co and McMoRan Exploration Co for $9 billion in a bold bid to diversify into ...

  6. Freeport makes $9 billion energy bet, Wall Street pans deal

    Freeport-McMoRan Copper & Gold Inc struck a deal to buy Plains Exploration & Production Co and McMoRan Exploration Co for $9 billion in a bold bid to diversify into ...

  7. Freeport McMoRan: Indonesia, Africa Not Driving Acquisitions

    Freeport McMoRan Copper & Gold Inc.'s (FCX) acquisition of two energy companies wasn't motivated by concerns about the future of Freeport's Indonesian or African ope...

Freebase CC-BY
Source: Richard Adkerson on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL