Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

The Associated Press May 2, 2011, 7:56AM ET

Arch Coal to buy rival Int'l Coal Group for $3.4B

Arch Coal is buying rival International Coal Group in an all-cash deal valued at $3.4 billion.

The companies said Monday the new company will form the nation's second largest supplier of metallurgical coal, which is used to make steel.

Arch Coal Inc. expects the deal to boost earnings starting next year.

The acquisition, which amounts to $14.60 per share, has been approved by the boards of both companies. Shareholders that control 17 percent of International's stock have agreed to the deal, which must still be approved by regulators.

Arch Coal is based in St. Louis and ICG is based in Scott Depot, W.V.

Shares of International Coal Group Inc., which closed at $11.03 Friday, jumped 31 percent to $14.42 before the market opened Monday.

BW Mall - Sponsored Links

Buy a link now!