Freeport McMoran (FCX) Message Board

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Gold/Mining/Energy : Freeport McMoran (FCX)

FCX 41.17

-1.3%

Nov 3 3:59 PM EST

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To: Ron who wrote ()	8/24/1998 11:57:00 AM
From: NewsTrader	Read Replies (1) of 141

The Texas-based Bass family lifted its stake in Freeport McMoRan Copper & Gold Inc. (FCX) to 25.5%, and now holds 1,097,700 depositary shares, according to an amended Schedule 13D. The group said that each depositary share represents 0.05 shares of Gold Denominated Preferred stock, Series II. Recently, the group purchased 678,700 depositary shares at prices ranging from $12.54 to $18.56 between 7/28/98 and 8/21/98, including the block purchase of 668,700 shares at $12.54 per share on 8/21/98. The Bass group continues to hold the shares for investment purposes.

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