New York – November 19, 2006 – LAWFUEL – Law News, Law Jobs Network – Debevoise & Plimpton LLP is advising Phelps Dodge Corporation in its merger with Freeport-McMoRan Copper & Gold Inc. (“FCX”). Pursuant to the definitive merger agreement, FCX will acquire Phelps Dodge for approximately $25.9 billion in cash and stock. The combined company will be the world’s largest publicly traded copper company and the largest North American-based mining company. The transaction is expected to close at the end of the first quarter of 2007, subject to the approval of the shareholders of FCX and Phelps Dodge, receipt of regulatory approvals and customary closing conditions.
Phelps Dodge is one of the world’s leading producers of copper and molybdenum and is the largest producer of molybdenum-based chemicals and continuous-cast copper rod. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, Washington D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.
The Debevoise team is led by partners Michael W. Blair and Gregory V.
Gooding and includes counsel Marc A. Kushner and associates Elliott Blanchard, Jonathan E. Levitsky, Diane E. Marks and Molly F. Stockley, with partners Peter A. Furci and Hugh Rowland, Jr. and associate Gabriela Palmieri on tax, partner Lawrence K. Cagney and associates Heidi S. DuBois and Jennifer F. Whetsell on Executive Compensation, counsel Stuart Hammer and associate Harry Zirlin on environmental, and partner Gary W. Kubek, International Counsel James C. Swank and counsel Kyra K. Bromley on antitrust.
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