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$APC said it has agreed to acquire the deepwater Gulf of Mexico assets of $FCX for $2Bil. The deal, effective Aug. 1, is expected to close before year end. Company expects the acquisition to add to its earnings immediately. The acquisition doubles $APC's ownership in the Lucius development to 49%.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.