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Plains shareholders approve takeover by Freeport
May 20, 2013 / 6:16 PM / 4 years ago

Plains shareholders approve takeover by Freeport

May 20 (Reuters) - Plains Exploration & Production Co shareholders approved the oil company’s takeover by mining company Freeport-McMoRan Copper & Gold Inc, after both companies sweetened the more than $6 billion deal with two special dividends.

The companies said on Monday that a majority of Plains outstanding shares were voted in favor of the deal. They expect the deal to close at the end of the month.

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