Market Overview

Peabody Energy Confirms Settlement Agreement Effective Following Patriot Coal's Emergence From Bankruptcy

Peabody Energy (NYSE: BTU) today affirmed that the U.S. Bankruptcy Court for the Eastern District of Missouri has entered an order confirming Patriot Coal's plan of reorganization, and Patriot Coal has announced the successful completion of exit financing and rights offerings allowing the company to emerge from Chapter 11 reorganization. These steps result in the previously announced Settlement Agreement between Peabody, Patriot Coal and the United Mine Workers of America becoming effective.

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Posted-In: News Guidance Financing FDA Management Global

 

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