It would be a brilliant way for Freeport McMoRan to become less dependent on its labor-hostile Grasberg Mine in Indonesia while adding some producing mines in areas of the world it isn't already involved in.
Another possible combination of companies might involve ABB, currently trading near its 52-week low with a market cap of $37 billion, and believe it or not, Emerson Electric. Who would be the acquirer and who'd be the acquired is debatable.
Once again, finding the next Cooper Industries before it is taken over means looking within specific industry niches.
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