Summary
ST. LOUIS - Peabody Energy Corp. said Wednesday its board approved a spin-off of its coal assets and operations in West Virginia and Kentucky into a separate company called Patriot Coal Co., whose shares will be distributed to Peabody shareholders. St. Louis-based Peabody said the spin-off will occur through a special dividend of all outstanding Patriot Coal shares.
Patriot Coal will be an independent public company traded on the New York Stock Exchange under the ticker symbol PCX. On Oct. 31, shareholders of record at Oct. 22 will receive one share of Patriot Coal stock for every 10 shares of Peabody held.See the full content of this document
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Peabody Board Approves Spin-Off
Pea...
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