General Cable To Buy Phelps-Dodge From Freeport-McMoRan For $735 Millionral

General Cable Corp., Highland Heights, Ky., has agreed to acquire the global wire and cable business of Freeport-McMoRan Copper & Gold Inc., which operates as Phelps Dodge International Corp (PDIC).

The acquisition comes just six months after Freeport-McMoRan bought Phelps Dodge Corp. The purchase price is approximately $735 million.

The wire and cable business operates factories and distribution centers in 19 countries throughout Latin America, Asia and Africa. It also ha

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