Want to join the conversation?
$FCX, which sold its 13% interest in Morence JV for $1Bil, said that it plans to use the net proceeds of approximately $1Bil to repay $0.5Bil in borrowings under the bank term loan with the balance to reduce amounts drawn under its revolving credit facility. $FCX expects around $0.6Bil after-tax gain on this deal in 2Q16.
Biodefense therapeutics firm $PIP announced an all-stock merger with biotech Altimmune. The respective boards of the two companies unanimously approved the merger.
$YHOO is reporting today after market close. Nobody cares about this stock.