×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

BtoB

Phelps Dodge agrees to buy Cyprus Amax Minerals

Published on .

Phoenix--Copper producer Phelps Dodge has agreed to acquire fellow copper producer Cyprus Amax Minerals Co., Englewood, Colo., in a cash and stock deal valued at nearly $1.8 billion. The deal breaks up the proposed merger between Cyprus and copper producer Asarco, New York. Phelps Dodge indicated it would continue pursuing a deal to acquire Asarco, which is also being courted by Grupo Industrial Minera Mexico, according to The Wall Street Journal.
Most Popular
In this article: