Activist Icahn reduces stake in miner Freeport-McMoRan

June 9, 2017

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Activist investor Carl Icahn reduced his stake in Freeport-McMoRan, the world’s biggest publicly traded copper miner, to 6.33% as of June 6, from 7.2% in late November, according to a regulatory filing on Friday.
In 2015, the billionaire investor took a large stake in the Phoenix, Arizona-based company, saying Freeport was undervalued.

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