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Peabody Terminates Planned Acquisition with Anglo American

Peabody Terminates Planned Acquisition with Anglo American

Peabody Energy BTU -2.62%decrease; red down pointing triangle said it has terminated its agreement to buy Anglo American's AAL 2.91%increase; green up pointing triangle steelmaking coal operations, a decision that comes nearly five months after a fire at an Australian mine.
The British mining company had agreed to sell its steelmaking coal business-including the Moranbah North mine, where the fire broke out earlier this year-to St. Louis-based Peabody in November. Following the fire, though, Peabody said it was reviewing the roughly $3.8 billion buy.
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