Atticus Capital reports 6.4% stake in Freeport-McMoRan

By Lisa Kerner

Charlotte, N.C., June 11 - Freeport-McMoRan Copper & Gold Inc. shareholders led by Atticus Capital LP reported beneficial ownership of 24,343,973 shares, or 6.4%, of the company's outstanding stock after a series of transactions between April 10 and May 22 that included purchases, sales and the exercise of purchase and sale options.

The reporting persons acquired the shares for investment purposes and may, in the future, encourage third parties to consider strategic transactions involving Freeport-McMoRan, according to a schedule 13D filing with the Securities and Exchange Commission.

In addition, Atticus Capital and its affiliates may contact and consult with other company stockholders concerning Freeport-McMoRan and its prospects.

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