Arch Coal To Acquire ICG for $3.4 Billion

- May 2nd, 2011

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

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.

Get the latest Coal Investing stock information

Get the latest information about companies associated with Coal Investing Delivered directly to your inbox.

Coal Investing

Tags

Leave a Reply