Arch Coal To Acquire ICG for $3.4 Billion

Arch Coal, Inc. (NYSE:ACI) announced that it will acquire the outstanding shares of International Coal Group (NYSE:ICO).

The press release is quoted as saying:

Ben Hatfield, president and CEO of International Coal Group, said, “ICG has assembled a high-quality portfolio of low-cost mining operations and reserves, and one of the industry’s most talented and productive workforces.”

To read the full press release, click here.