Freeport-McMoRan announced Wednesday it is buying Houston-based Plains Exploration and Production for $6.9 billion and McMoRan Exploration Company for $2.1 billion.

Latham & Watkins Leads $7 Billion Plains Exploration Sale
Freeport-McMoRan announced Wednesday it is buying Houston-based Plains Exploration and Production for $6.9 billion and McMoRan Exploration Company for $2.1 billion.