| Freeport-McMoRan adds 2 board members from Carl Icahn's firm | |
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NEW YORK (AP) -- Shares of Freeport-McMoRan rose sharply Wednesday after the copper miner added two board members chosen by Carl Icahn.
The activist investor and firms that he controls own an 8.8 percent stake in Freeport-McMoRan. The board members, Andrew Langham and Courtney Mather, work at Icahn Capital LP.
"I hope and believe that we will work with Freeport's board to enhance value as we have done with so many others," Icahn said in a statement.
The additions come a day after Freeport-McMoRan slashed its board members to nine from 16, and said that it may split off its oil and gas operations.
The board, with Icahn's two picks, will have 11 directors.
Shares of Freeport-McMoRan Inc. rose $1.11, or 9.4 percent, to $12.94 in morning trading.
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Freeport McMoRan Copper and Gold Inc.
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PRODUCER |
CODE : FCX |
ISIN : US35671D8570 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Freeport McMoran is a gold and copper producing company based in United states of america. Freeport McMoran produces gold, copper, cobalt, molybdenum and silver in Chile, in Congo Dem. Rep. of, in Indonesia and in Peru, develops copper in Peru, and holds various exploration projects in Chile. Its main assets in production are CANDELARIA, EL ABRA, CHINO - MILL, HENDERSON, MIAMI - ROM LEACH, MORENCI - MILL, OJOS DEL SALADO, MORENCI and MORENCI - ROM LEACH in Chile, GRASBERG, SIERRITA and BAGDAD in Indonesia, TENKE FUNGURUME and TYRONE in Congo Dem. Rep. of and CERRO VERDE in Peru, its main asset in development is SAFFORD in Peru and its main exploration properties are BAGDAD - ROM LEACH and CHINO - ROM LEACH in Peru and CERRO VERDE - MILL, CERRO VERDE - CRUSHED LEACH, CERRO VERDE - ROM LEACH, EL ABRA - ROM LEACH and CLIMAX in Chile. Freeport McMoran is listed in Germany and in United States of America. Its market capitalisation is US$ 73.1 billions as of today (€ 68.3 billions). Its stock quote reached its lowest recent point on March 06, 2020 at US$ 10.00, and its highest recent level on April 26, 2024 at US$ 50.50. Freeport McMoran has 1 448 000 000 shares outstanding. |