Peabody And Arch Announce Intent To Continue Pursuit Of Highly Synergistic Joint Venture To Create Value For Customers And Shareholders

ST. LOUIS, Feb. 26, 2020 /PRNewswire/ — Emphasizing that the case for combining assets has only grown stronger in recent months, Peabody (NYSE: BTU) and Arch Coal (NYSE: ARCH) today announced that they intend to continue to pursue creation of a joint venture to strengthen coal’s competitiveness with other energy sources and create substantial value for multiple stakeholders. The announcement follows a negative split decision by the U.S. Federal Trade Commission (FTC) that advances the process to the legal system.