OIL & GAS
Freeport-McMoRan said it is reviewing strategic options for its oil and gas business, including a spinoff or a joint venture, a week after its biggest shareholder Carl Icahn said the energy and mining company was an example of a "golden" buying opportunity.
Activist investor Icahn, who owned 8.8% of Freeport as of September 22, took aim at the company's spending and capital structure as well as its executive compensation when he revealed his stake in the company in August.
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