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(Reuters) - One of the largest shareholders in Freeport-McMoRan Copper & Gold slammed the company's $9 billion deal to acquire McMoRan Exploration and Plains Exploration & Production, saying Freeport management had broken shareholder trust.
"I haven't heard anything on this call that in any way justifies why these companies should be put together," said Evy Hambro, a managing director at BlackRock, on a conference call to discuss the deal.
(Reporting By Ben Berkowitz; Editing by Alden Bentley)
| 1st Jan change | Capi. | |
|---|---|---|
| +11.22% | 306B | |
| +12.21% | 153B | |
| +51.38% | 124B | |
| +22.70% | 83.43B | |
| +12.20% | 78.06B | |
| +19.56% | 62.81B | |
| +13.52% | 60.08B | |
| +12.74% | 49.91B | |
| +33.97% | 37.05B |
MCMORAN EXPLORATION CO 
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