Jul. 2, 2014, 7:51 AM
- Hallador Energy's (HNRG) Sunrise Coal subsidiary agrees to acquire Vectren's (VVC) coal mining unit for $296M plus additional working capital adjustments, not to exceed a total of $325M.
- Vectren Fuels owns three underground coal mines in Indiana which have sold 10.1M tons of coal in the past 12 months; current 2015 coal sales commitments are 9.5M tons.
- VVC says the transaction will result in a Q2 book loss of $0.24-$0.26 per share.
Vectren Corp. operates as an energy holding company which offers energy-related products and services include infrastructure services, energy services, coal mining and energy marketing services throughout the U.S. through its wholly owned subsidiary, Vectren Utility Holdings, Inc. The company... More
Industry: Diversified Utilities
Country: United States
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