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Simpson Thacher Represents J.P. Morgan Securities Inc. and Merrill Lynch & Co., Financial Advisors to Freeport-McMoRan Copper and Gold Inc. in its Proposed $25.9 Billion Acquisition of Phelps Dodge Corp.

11.20.06

The Firm represents J.P. Morgan Securities Inc. and Merrill Lynch & Co. as the financial advisors to Freeport-McMoRan Copper and Gold Inc. in its proposed acquisition of Phelps Dodge Corporation, in a cash-and-stock deal worth $25.9 billion. The transaction would create the world’s largest copper producer and the largest mining company based in North America.

Freeport-McMoRan Copper and Gold Inc. is one of the world’s largest producers of copper and gold. Phelps Dodge Corporation is the world’s second-largest copper producer.

The STB Team working on the transaction includes Robert Spatt, Steven Todrys, James Wallace and Justus Morris.