(EnergyAsia, May 12 2011, Thursday) — US-based Arch Coal said it has agreed to acquire rival International Coal Group for US$14.60 a share in a friendly all-cash deal valued at US$3.4 billion.Both listed on the NYSE, the companies said the enlarged entity will become the nation’s second largest supplier of metallurgical (met) coal for making…
COMPANIES: US-based Arch Coal and International Coal Group in US$3.4 billion merger
Posted on May 12, 2011 by EnergyAsia