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Arch Coal Inc. Message Board

  • ramisle ramisle Jun 28, 2013 7:50 AM Flag

    Selling Utah Operations

    ST. LOUIS, June 28, 2013 /PRNewswire/ -- Arch Coal, Inc. (ACI) ("Arch" or "the company") and Bowie Resources, LLC ("Bowie") today announced that they have entered into a definitive agreement under which Arch will sell to Bowie its wholly-owned subsidiary, Canyon Fuel Company, LLC ("Canyon Fuel"), for $435 million in cash, subject to customary adjustments for working capital and other items. Both companies have approved the transaction, which is expected to close in the third quarter of 2013.

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