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Phelps Dodge files $400 million shelf
By Ted A. Knutson
Washington, April 15 - Phelps Dodge Corp. filed a $400 million shelf in an S-3 registration with the Securities and Exchange Commission.
The shelf allows the company to issue senior debt securities, junior subordinated debt securities, common and preferred stock, stock purchase contracts, stock purchase units, warrants and convertibles.
The Phoenix-based metals producer said proceeds from offerings authorized by the shelf would be used for general corporate purposes.
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