Freeport-McMoRan : financing an acquisition / David P. Stowell, Peter Rossmann.

Format:

Book

Author/Creator:

Stowell, David P., author.

Rossmann, Peter, author.

Series:

SAGE Knowledge. Cases.

SAGE Knowledge. Cases

Language:

English

Subjects (All):

Freeport-McMoRan Copper & Gold Inc--Case studies.

Freeport-McMoRan Copper & Gold Inc.

Mineral industries--Indonesia--Case studies.

Mineral industries.

Gold mines and mining--Indonesia--Case studies.

Gold mines and mining.

Indonesia.

Genre:

Case studies.

Physical Description:

1 online resource : illustrations.

Place of Publication:

London : SAGE Publications Ltd, 2017.

System Details:

text file

Summary:

Freeport-McMoRans acquisition of Phelps Dodge created the worlds largest publicly traded copper company. JPMorgan and Merrill Lynch advised the acquirer and arranged $17.5 billion in debt financing and $1.5 billion in credit facilities. In addition, these two firms underwrote $5 billion in equity capital through simultaneous offerings of Freeport-McMoRan common shares and mandatory convertible preferred shares. These financings created an optimal capital structure for the company that resulted in stronger credit ratings. The activities of the equity capital markets and sales groups at the underwriting firms are explored and the structure and benefits of mandatory convertible preferred shares is explained.

Notes:

Originally published: Stoweel, D. P., & Rossmann, P. (2007). Freeport-McMoRan: Financing an acquisition. 5-407-751. Evanston, IL: Kellogg School of Management, Northwestern University.

No ILL or scholarly sharing allowed.

Description based on XML content.

ISBN:

9781473993440

OCLC:

1017727290

Access Restriction:

Restricted for use by site license.