Trending...
- Inframark Announces New Chief Financial Officer
- Hayloft Big Creek Now Pre-Leasing
- GoGo Roofing Introduces Expanded Services: Now Offering Roofing Solutions in New Georgia Communities
PHOENIX ~ Freeport-McMoRan Inc. (FCX) has been notified by TRC Capital Investment Corporation (TRC) that it is making an unsolicited "mini-tender" offer to FCX shareholders to purchase up to 3,000,000 shares of FCX's common stock at a current below-market price of $32.20 per share. The offer price is approximately 4.4% below the $33.69 per share closing price of FCX's common stock on November 10, 2023, the last trading day prior to the date of the offer, and approximately 10% below the $35.54 per share closing price of FCX's common stock on November 16, 2023.
FCX has recommended that shareholders not tender their shares and take no action in response to TRC's offer. According to TRC's current offer documents, FCX shareholders who have already tendered their shares may withdraw them at any time prior to 12:01 a.m. New York City time on December 13, 2023 by following the procedures described in the offer documents.
FCX has made it clear that they do not endorse this unsolicited mini-tender offer and are not affiliated or associated in any way with TRC or its mini-tender offer documentation. The U.S Securities and Exchange Commission (SEC) has cautioned investors about mini-tender offers stating that they "have been increasingly used to catch investors off guard" and that investors "may end up selling their securities at below-market prices"
More on The Arizonar
Freeport-McMoRan Inc., headquartered in Phoenix Arizona is a leading international mining company with significant proven and probable reserves of copper, gold and molybdenum across its portfolio of assets which includes the Grasberg minerals district in Indonesia and large scale Morenci minerals district in Arizona as well as Cerro Verde operation in Peru. By supplying responsibly produced copper, FCX is proud to be a positive contributor to the world well beyond its operational boundaries with additional information available on its website at fcx.com
In light of this unsolicited mini-tender offer from TRC Capital Investment Corporation, Freeport McMoRan Inc has urged its shareholders not to tender their shares as they may end up selling them at below market prices according to SEC's guidance for investors on mini tender offers which can be found at http://www.sec.gov/investor/pubs/minitend.htm
FCX has recommended that shareholders not tender their shares and take no action in response to TRC's offer. According to TRC's current offer documents, FCX shareholders who have already tendered their shares may withdraw them at any time prior to 12:01 a.m. New York City time on December 13, 2023 by following the procedures described in the offer documents.
FCX has made it clear that they do not endorse this unsolicited mini-tender offer and are not affiliated or associated in any way with TRC or its mini-tender offer documentation. The U.S Securities and Exchange Commission (SEC) has cautioned investors about mini-tender offers stating that they "have been increasingly used to catch investors off guard" and that investors "may end up selling their securities at below-market prices"
More on The Arizonar
- Decorate for Fall with Braided Rugs
- HandicapMD.com Expands Its Leading Telemedicine Service for Disabled Parking Placards in California
- ALLTRA SmartChain (OZZ METALS LTD) Secures Full Funding
- 70% Fewer Falls Achieved in 2 Months at Fellowship Square Mesa with Helpany's Privacy-First Tech
- City of Mesa Announces Grant Winners of Mesa Youth Climate Action Fund
Freeport-McMoRan Inc., headquartered in Phoenix Arizona is a leading international mining company with significant proven and probable reserves of copper, gold and molybdenum across its portfolio of assets which includes the Grasberg minerals district in Indonesia and large scale Morenci minerals district in Arizona as well as Cerro Verde operation in Peru. By supplying responsibly produced copper, FCX is proud to be a positive contributor to the world well beyond its operational boundaries with additional information available on its website at fcx.com
In light of this unsolicited mini-tender offer from TRC Capital Investment Corporation, Freeport McMoRan Inc has urged its shareholders not to tender their shares as they may end up selling them at below market prices according to SEC's guidance for investors on mini tender offers which can be found at http://www.sec.gov/investor/pubs/minitend.htm
Filed Under: Business
0 Comments
Latest on The Arizonar
- Frank Metayer Appointed as Commissioner to the City of Chula Vista's Board of Appeals and Advisors
- Rising Phoenix Mushroom Church Opens In San Francisco
- PODS® Phoenix Provides Guidance on Preparing Your Home for Holiday Guests
- Diana Partners With OpsVeda To Leverage AI-ML To Get Closer To Its Consumers
- Mesa: Register for Girl's Flag Football League and Kinder Clinic
- Vantiva Receives 2024 RDK "Distinguished Leader Award"
- Arizona: Governor Katie Hobbs Statement on Administrative Issue With AVID and Its Interface With MVD
- BK Adventure Announces the 2024 Haunted Bioluminescence Tour
- AVTECH Announces New Room Alert Bundles for Heat Safety and Enhanced Indoor Air Quality Monitoring
- Introducing MyTennisTrip.com: Your Ultimate Tennis Travel Companion
- VerifyNow Launches Groundbreaking FICA Compliance Platform for South African Businesses
- Award-Winning Writer Thrills Mystery Lovers with The Button Collector on September 17
- Tobu Railway Group's Tobu Kogyo Division Has Renovated the Kotoku Cattle Farm in Nikko National Park and Reopened it as of July 1, 2024
- Mytee Products' Big Move: More Space Equals Exciting New Products
- Alice's Lullaby Set for an October 8, 2024, Launch
- Arizona: Governor Hobbs Announces Appointment of Coconino County Supervisor Patrice Horstman to Water Infrastructure Finance Authority
- ICYMI: Governor Katie Hobbs Makes Appearance at "El Grito de Dolores" Celebration at the Arizona State Capitol
- Webinar Announcement: Creative Methods for Tracing Assets
- NEMTAC Announces New Board of Directors Officers for 2024-2025
- Dehy Mills Welcomes Two New Board Members to Support Future Growth