Friday, November 24, 2006

Freeport-McMoRan (FCX) Takeover Seems Unlikely - CNBC

CNBC's David Faber said a takeover bid for Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), which recently announced a mega-merger deal with Phelps Dodge Corp. (NYSE: PD), seems unlikely. On Friday rumors swirled BHP Billiton (NYSE: BHP) or Rio Tinto plc (NYSE: RTP) could target the company in a takeover.

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