Arch Coal (ACI) gains 15% premarket after selling its Utah operations - Canyon Fuel Company - to...

|About: Arch Coal Inc (ARCH)|By:, SA News Editor

Arch Coal (ACI) gains 15% premarket after selling its Utah operations - Canyon Fuel Company - to Bowie Resources for $435M in cash. "The sale of our Utah operations is consistent with our previously announced plan to unlock value for our shareholders by divesting certain non-core thermal coal assets." (PR)