Freeport McMoran Inc – ‘8-K’ for 8/26/97

As of:  Wednesday, 9/3/97   ·   For:  8/26/97   ·   Accession #:  351116-97-5   ·   File #:  1-08124

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         3±    11K 
 2: EX-2        Plan of Acquisition, Reorganization, Arrangement,     71±   321K 
                          Liquidation or Succession                              
 3: EX-99       Miscellaneous Exhibit                                  2±     8K 

8-K   —   Current Report
Document Table of Contents

SECURITIES AND EXCHANGE COMMISSION    

Washington, D.C.  20549   

FORM 8-K      

CURRENT REPORT        

    Pursuant to Section 13 or 15(d) of
     the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  August 26, 1997        

       Freeport-McMoRan Inc.
        (Exact name of registrant as specified in its charter)

Delaware                    1-8124                   13-3051048   
(State or other        (Commission File Number)         (IRS Employer       
jurisdiction of                                    Identification Number) 
incorporation or                                                          
organization)                                                             

     1615 Poydras Street
     New Orleans, Louisiana  70112
    (Address of principal executive offices)

    (504) 582-4000
    (Registrant's telephone number, including area code)

     N/A
   (Former name or former address, if changes since last report)

Item 5.   Other Events.                                 

     On August 26, 1997, Freeport-McMoRan Inc. ("FTX")
entered into an Agreement and Plan of Merger dated as of
August 26, 1997 (the "Merger Agreement") with IMC Global
   Inc. ("IGL").  The Merger Agreement provides for the merger
   (the "Merger") of FTX with and into IGL (or, alternatively,
   the merger of FTX into a subsidiary of IGL).  The corporate
existence of FTX will cease and IGL will continue as the
surviving corporation.                                  

          Pursuant to the Merger Agreement, each share of common
stock, par value $.01 per share, of FTX ("FTX Common    
   Stock"), not owned directly or indirectly by IGL or FTX and
other than dissenting shares, as defined in the Merger  
Agreement, will be converted into (i) 0.90 of a share of
    common stock, par value $1.00 per share, of IGL ("IGL Common
  Stock"), (ii) one-third of one warrant exercisable for one
share of IGL Common Stock and (iii) the right to receive
shares of common stock ("Newco Common Stock"), par value
$.01 per share, of a new company ("Newco") comprised of 
  certain sulphur assets and liabilities and certain oil and
 gas interests.  Each holder of FTX Common Stock will have
the right to receive a number of shares of Newco Common 
   Stock that bears the same proportion to the total number of
  shares of Newco Common Stock held by FTX immediately prior
   to the effective time of the Merger as the number of shares
  of FTX Common Stock held by such holder bears to the total
     issued and outstanding shares of FTX Common Stock immediately
prior to the effective time of the Merger.              

    Prior to its execution, the Merger Agreement was
 approved by the respective Boards of Directors of FTX and
 IGL.  The consummation of the Merger is subject to, among
other things, (i) approval of the Merger by FTX's       
stockholders, (ii) approval of the Merger by IGL's      
stockholders and (iii) certain regulatory approvals.    

               Copies of the Merger Agreement and the press release issued
     jointly by FTX and IGL on August 27, 1997 with respect to the
execution of the Merger Agreement, have been filed as   
     Exhibits 2.1 and 99.1, respectively, and each is incorporated
herein by reference.                                    

Item 7.  Financial Statements and Exhibits.             

    (c)  Exhibit 2.1    Agreement and Plan of Merger dated as of
                             August 26, 1997 between Freeport-McMoRan Inc.
                   ("FTX") and IMC Global Inc ("IGL").

        Exhibit 99.1   Press release issued jointly by FTX and
       IGL on August 27, 1997.

       SIGNATURE
         Pursuant to the requirements of the Securities Exchange
     Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly 
authorized.                                             
                         FREEPORT-McMoRan INC.

                              By:  /s/Robert M. Wohleber
                                   ---------------------
                                Robert M. Wohleber
                                   Senior Vice President
                                    (Authorized signatory)

Date:  September 2, 1997                                

       FREEPORT-McMoRan Inc.
       EXHIBIT INDEX
Exhibit                                                 
Number                                                  

   2.1        Agreement and Plan of Merger dated as of
                   August 26, 1997 between Freeport-McMoRan Inc.
         ("FTX") and IMC Global Inc ("IGL").

     99.1        Press release issued jointly by FTX and IGL
on August 27, 1997.       

Dates Referenced Herein

This ‘8-K’ Filing		Date		Other Filings
Filed on:		9/3/97		None on these Dates
		9/2/97
		8/27/97
For Period End:		8/26/97
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