Peabody And Arch To Combine U.S. PRB And Colorado Assets In Highly Synergistic Joint Venture To Unlock Approximately $820 Million In Synergies

ST. LOUIS, June 19, 2019 /PRNewswire/ — Peabody (NYSE: BTU) and Arch Coal (NYSE: ARCH) today announced that they have entered into a definitive agreement to combine the companies’ Powder River Basin and Colorado assets in a highly synergistic joint venture aimed at strengthening the competitiveness of coal against natural gas and renewables, while creating substantial value for customers and shareholders.