NEW YORK ( TheStreet) -- Other investor's pain may very well translate into our gain. On Dec. 5 Freeport-McMoRan (FCX - Get Report), the world's second largest copper producer, announced a pair of game-changing acquisitions.Freeport decided to diversify its business away from mining (copper, gold, molybdenum, cobalt hydroxide, silver and other metals) as it agreed to purchase to oil and gas exploration and production companies. The proposed acquisitions do change the face of the company, and shareholders face a company that is quite a different beast from what they had already invested in.
Freeport-McMoRan Shifts Into Overdrive
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