Freeport-McMoRan To Buy Phelps Dodge In $25.9 Billion Blockbuster Deal

While the astronomical increases in copper pricing have grabbed most of the headlines in the wire and cable market, a recently announced major acquisition by a copper producer could shake up the industry, too.

Freeport-McMoRan Copper & Gold Inc. agreed to buy competitor Phelps Dodge for $25.9 billion, in a deal that would create the world’s largest publicly traded copper company.

Under the current proposal, the combined company would retain the Freeport-McMoRan Copper &

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