Freeport-McMoRan Copper & Gold
said Thursday it extended the expiration date of the earlier announced tender offer of its 7% convertible notes due 2011 from Sept. 7 to Sept. 8, unless further extended by FCX.
The New Orleans-based company said that the financial terms of the tender offer are unchanged. FCX will pay a cash premium of $90 plus accrued and unpaid interest up to, but excluding, the conversion date for each $1,000 principal amount.
FCX said that it will file with the Securities and Exchange Commission Amendment No. 1 to its joint schedule TO/13E-3 relating to the tender offer and a copy of the amended and restated offering circular will be distributed to the holders of the notes.
The tendering note holders are expected to be entitled to receive the supplemental dividend of 75 cents a share payable Sept. 29, as the notes tendered in the offer are expected to be converted into common stock on Sept. 12, which is prior to the Sept. 14, record date for payment of the supplemental dividend, the company added.
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