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Freeport revamps board; may spin off oil, natural gas business

Mr Icahn intends to hold talks with the firm on "capital expenditures... and capital structure"


WEEKS after billionaire investor Carl Icahn disclosed a stake in Freeport-McMoRan Inc, the mining and energy company abruptly revamped its board and said it was considering spinning off its oil and natural gas business.

The move is the latest in a series of manoeuvres by