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 &

All access premium subscription

Only Electrical Marketing newsletter subscribers have access to premium content.


Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.

Sign up for the Electrical Marketing newsletter to get access.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish