Freeport-McMoRan Copper & Gold Inc. Announces Redemption of Its 5 1/2% Convertible Perpetual Preferred Stock (Business Wire via Yahoo! Finance)
PHOENIX—-Freeport-McMoRan Copper & Gold Inc. announced today that it has called for redemption on September 21, 2009 its 5½% Convertible Perpetual Preferred Stock . Under the terms of the Preferred Stock, FCX may call the Preferred Stock for redemption if the closing price of FCX’s common stock exceeds 130 percent of the $46.45 per share conversion price for a period of 20 days out of 30 …
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Freeport-McMoRan Copper & Gold Inc. Announces Redemption of Its 5 1/2% Convertible Perpetual Preferred Stock (Business Wire via Yahoo! Finance)
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