December 28, 2012 at 21:33 PM EST
Freeport-McMoRan cut bid on McMoRan after bad well test
NEW YORK, Dec 28 (Reuters) - Freeport-McMoRan Copper & Gold Inc cut its cash bid for McMoRan Exploration Co days before announcing plans to buy the oil and gas company, prompted by poor test results at one of McMoRan's wells, according to a regulatory filing on Friday.
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