Cases & Deals

Excel Coal acquires Peabody Energy for $1.4 billion

Clients Excel Coal Limited

Jones Day advised Excel Coal Limited in its $1.4 billion acquisition by Peabody Energy Corporation. Peabody paid AU$8.50 (US$6.21) in cash per share for all of the outstanding shares and assumed debt in the amount of approximately US$190 million. The transaction was by way of a Scheme of Arrangement.