Peabody’s (BTU) management sure knows how to screw with shareholder opportunity and value. The latest from the rumor mill is they’re eyeing a merger with Coronado (CRN.AX). This is reported from The Australian, and is cited as speculation but then goes on to name the advisors at the bottom of the article. This makes me believe a potential deal has progressed beyond mere speculation.
Apparently Coronado’s private equity majority owner, Energy and Minerals Group, is looking for an exit. And this merger would also provide Elliott Management, BTU’s private equity majority owner, a way to “take some money off the table.”
You can read the article in full linked here and below. If you need help bypassing the paywall please refer to the Resources page for instructions.
Recent Posts___________________________________________________________________
Coal News & Price Data July 25, 2024 – Russian Coal Shipments Down, But Met Prices Continue to Slide
Court Upholds EPA’s CO2 Emission Regulation for Coal-Fired Power Plants
China Issues Action Plan for Low-Carbon Transformation of Coal-Fired Power
Global Electricity Demand to Surge Amid Rising Temperatures and AI Growth
