After accepting a takeover offer by Phelps Dodge (PD-N), executives of Cyprus Amax Minerals (CYM-N) exercised options worth millions.Jeffrey Clevenger, officer, exercised 237,500 options at US$10.13-15.56 and sold the resulting shares at US$20.16 each, plus 51,200 shares at US$19.63-19.90 to...
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