Anglo American, Peabody Coal Deal Risks 'Messy' Arbitration -- Market Talk

Dow Jones
08/04

0130 GMT - The risk that Peabody's planned $3.78-billion takeover of Anglo American's metallurgical coal assets will end up in arbitration has increased, according to Jefferies analyst Christopher LaFemina. That "may now be the base case," rather than the miners agreeing on new terms for the deal, LaFemina says in a note. "Things could get messy," he says. Anglo American CEO Duncan Wanblad recently said he was "working constructively" with Peabody to close the deal. The U.S. miner threatened to pull out following a fire at the Moranbah North mine in Australia. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

August 03, 2025 21:30 ET (01:30 GMT)

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