Icahn endorses Freeport's efforts to reduce debt, explore options

Activist investor Carl Icahn, the third-largest shareholder in Freeport McMoran, said on Tuesday that he endorsed the US miner's efforts to reduce debt and explore strategic alternatives. Icahn's comments come a day after Freeport said it would sell its deepwater Gulf of Mexico oil and natural gas assets to Anadarko Petroleum for $2-billion in a bid to reduce its debt.