Mr. Flores just had a bit of a payday when he closed on the sale of Plains Exploration, of which he was Chair/CEO, to FCX for $16.3 Bil.
This purchase of $34 million worth of Freeport is as much a show of faith in the combined company as it is a bet.
Still, it's a big show of faith. And it was open market.
Here's the filing from SECForm4.
