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Freeport-McMoRan urges rejection of mini-tender offer

17th November 2023

By: Creamer Media Reporter

     

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NYSE-listed Freeport-McMoRan has asked shareholders not to tender their shares in a “mini-tender” offer from TRC Capital Investment, which is offering to purchase up to three-million shares.

TRC’s mini offer at $32.20 a share is 4.4% below the closing price on November 10, the last trading day before the date of the offer, and about 10% below the company’s closing price on November 16.

Freeport said in a statement that it did not endorse the unsolicited mini-tender offer.

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Edited by Creamer Media Reporter

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