In this segment, the discussion focuses on Freeport McMoRan's (NYS: FCX) announcement that it is acquiring Plains Exploration & Production (NYS: PXP) and McMoRan Exploration Company (NYS: MMR) . On the announcement, both of those stocks jumped up, 26% and a whopping 88%, respectively. The problem? When Wall Street likes an acquisition, the acquirer's stock goes up too, but shares of Freeport are trading down 14%. Our analysts ask: Did Freeport overpay, and what went wrong?

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