INVESTOR ALERT: Louisiana Based Brannon Law Firm, L.L.C. is Investigating the Buyout of Louisiana Based McMoRan Exploration Co. by Freeport-McMoRan Copper & Gold, Inc.

Brannon Law Firm, L.L.C., a Metairie, Louisiana based securities litigation law firm, announces that it is commencing an investigation into the Board of Directors of McMoRan Exploration Co. ("MMR" or the "Company") (NYSE: MMR) to determine whether it has breached its fiduciary duties and other possible violations of state law in connection with the sale of MMR to Freeport-McMoRan Copper & Gold, Inc. (NYSE: FCX). The transaction values MMR at $3.4 billion in cash. Under the terms of the transaction, MMR shareholders will receive $14.75 in cash and 1.15 units of a royalty trust for each share they hold; the trust will hold a 5% royalty interest in future production from MMR’s ultra-deep exploration properties.

The investigation is focused on the potential unfairness of the consideration to MMR shareholders and whether MMR’s Board of Directors acted in the shareholders’ best interest and properly shopped the company before entering into the acquisition agreement with Freeport-McMoRan Copper & Gold, Inc. At least one analyst set a price target for MMR stock at $21.00 per share.

If you have information relevant to this investigation that you would like to share with us in furtherance of the shareholders’ interest in this matter, then please call us right away.

If you own this stock and wish to know more about this matter and/or how it affects your rights then please contact us immediately. There is no obligation or cost to you when you contact us.

You may contact us by email or telephone through Paul M. Brannon [email:] / [Telephone (504) 456-8696].

Brannon Law Firm, L.L.C.
Paul M. Brannon
3500 North Hullen Street
Metairie, Louisiana 70002
Phone: 504-456-8696
Fax: 504-456-8697


Brannon Law Firm, L.L.C.
Paul M. Brannon, 504-456-8696
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here