Tuesday, October 6, 2015

Freeport-McMoRan may spin off oil and gas business

Freeport-McMoRan may spin off oil and gas business: "Freeport-McMoRan is undertaking a review of strategic alternatives for its oil and gas business, the Phoenix-based company said. According to a statement released Tuesday, Freeport is reviewing a number of options, with the aim of making Freeport-McMoRan Oil and Gas (FM O&G) self-funding. Earlier this year, Freeport indicated that it would be willing sell a minority interest in its oil and gas business in an initial public offering, and, according to the statement, the offering remains one of the options under review. "

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