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Peabody Energy Corporation (BTU)

NYSE - NYSE Delayed price. Currency in USD
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23.94+0.48 (+2.05%)
At close: 04:00PM EDT
23.54 -0.40 (-1.67%)
After hours: 07:55PM EDT
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    Peabody Announces Completion of Wards Well Acquisition

    Peabody (NYSE: BTU) today announced the completion of the previously announced Wards Well acquisition. In October, the company reached an agreement to acquire a large portion of the Wards Well coal deposit immediately adjacent to the company's Centurion Mine Complex, for cash consideration of $136 million and a contingent royalty of up to $200 million payable after recovery of the related project investment when coal prices exceed certain targets.