Smaller Rival In Agreement To Acquire Cooper Giant.

The article reports that Freeport-McMoRan Copper and Gold will acquire its larger rival, Phelps Dodge, the second largest copper producing company in the world. The $25.9 billion deal is awaiting approval by shareholders. A merger of these two companies would result in the establishment of the largest mining company in North America and the biggest copper miner in the world. Dynamics of the acquisition are explored along with brief company histories and plans for reorganization.