CAPITAL MARKETS

Phelps, Freeport set to marry

THE largest North American-based mining company is set to emerge after shareholders from both Freeport-McMoRan and Phelps Dodge gave the thumbs up to the $US25.9 billion ($A33.7 billion) friendly acquisition.

Rebecca Lawson

Phelps, Freeport set to marry

In a statement released on its website, US copper giant Phelps said shareholders from both companies had separately approved the merger, with each meeting achieving 98% of the votes. Under the terms...

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