Phelps Dodge se prodaje za 26 milijardi dolara-30% vise od cijene na zatvaranju berze u petak.Nadajmo se da ce RTB Bor biti prodat po daleko vecoj cijeni od pocetne..
Just a few months after its own mega-merger fell apart, copper giant Phelps Dodge's (PD - commentary - Cramer's Take - Rating) management has hoisted the white flag and agreed to be acquired in a deal valued at $26 billion.
Freeport-McMoRan (FCX - commentary - Cramer's Take - Rating), late Sunday, announced it was buying the Phoenix-based copper miner in a deal that represents a 33% premium to Phelps' Friday closing price of $95.02.
In the deal, New Orleans-based Freeport-McMoRan says it will pay $126.46 a share for Phelps. Freeport-McMoRan is a big gold, copper and silver mining and manufacturing firm. Each Phelps Dodge shareholder will receive $88 a share in cash plus 0.67 of a common share of Freeport-McMoRan shares.