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  "presentationDate": "2012-11-01 00:00:00",
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      "kind": "list",
      "text": "On November 1, 2012, Freeport made a proposal pursuant to which, if the parties were to proceed, Freeport would acquire the Company for $15.00 per share in cash (the \"Proposed Transaction\")",
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      "text": "Freeport owns 500,000 shares of convertible perpetual preferred stock with an initial conversion price of $16.00 which would equate to 31,250,000 common shares upon conversion, or 16.2% of the voting shares",
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      "text": "Plains Exploration & Production Company (\"Plains E&P\") currently owns 31.5% of the voting shares of the Company",
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      "text": "Evercore Group L.L.C. (\"Evercore\") has been engaged by the Special Committee of the Board of Directors (the \"Special Committee\") of McMoRan Exploration Co. (\"McMoRan\", \"MMR\", or the \"Company\") to provide financial advisory services to the Special Committee in connection with the consideration of strategic alternatives available to the Company, including, among other things, a potential transaction or series of transactions involving Freeport-McMoRan Copper & Gold (\"Freeport\" or \"FCX\") or any of its affiliates",
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