Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Icahn-Targeted Freeport Said to Work With JPMorgan on Strategy

Freeport may explore cost cuts, capital reduction, asset sales ; Icahn holds about an 8.5 percent stake in the copper producer

Carl Icahn Screen shot - fortune.com-2016 - 05 -10 -carl-icahn-crash-stock

Freeport-McMoRan Inc. is working with JPMorgan Chase & Co. to review its strategy after billionaire activist investor Carl Icahn bought a stake in the company, people familiar with the matter said.

Freeport, the world’s biggest publicly traded copper producer, may consider options including cost cuts and capital reduction plans, as well as asset sales, the people said, asking not to be identified as the information is private. Freeport’s discussions with its advisers are at an early stage and no decisions have been made, the people said.

Representatives for Freeport and JPMorgan declined to comment.

Read the full story at BLOOMBERG by Dinesh Nair Matthew Monks

READ MORE:

 READ MORE FROM JEWISH BUSINESS NEWS:

Carl Icahn

 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

Business

Now Platika joins and elite club of $10 billion plus Israeli firms.

Advertisement
cialis