Peabody Energy Falls After Judge Blocks Proposed Arch Coal JV

摘要

Peabody Energy fell as much as 16.4%, the most intraday since June 11, after a judge blocked a proposed joint venture with Arch Coal after the FTC challenged the deal in February. 1.The FTC's motion for a preliminary injunction was granted; the parties are enjoined and restrained from completing the joint venture or otherwise effecting the combination of mining assets in Wyoming and Colorado until the completion of the administrative proceedings evaluating the proposed transaction now pending before the FTC.