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Peabody Energy Corporation (BTU)

- NYSE
  • Aug. 28, 2014, 7:07 AM
    • Peabody Energy (NYSE:BTU) has cancelled its $130M sale of its Australian Wilkie Creek coal mine to former billionaire Nathan Tinkler.
    • Tinkler's Bentley Resources missed several payment installments since agreeing to the cash-and-debt deal in May.
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  • Dec. 6, 2012, 9:18 AM
    Investors seem to take seriously the latest takeover chatter surrounding Walter Energy (WLT), sending shares +7.5% premarket as vague rumors circulate that bidders could emerge. BHP Billiton (BHP) is said to be interested again; Glencore (GLCNF.PK) could be another candidate; Anglo American has been mentioned in the past. Other coal names are up: ANR +1.9%, CNX +1.6%, ACI +1.3%, BTU +0.8%.
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  • Nov. 30, 2012, 2:15 PM
    Walter Energy's (WLT +7.3) refusal to comment on rumors of BHP's interest in an acquisition keeps shares moving higher, perhaps suggesting more than idle chatter. Also, another analyst sees the coal industry improving in 2013. The two developments are propping up the sector (KOL +0.5): JRCC +7.6%, OXF +4.2%, ANR +3.4%, ACI +2%, BTU +0.9%.
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  • Sep. 6, 2012, 5:08 AM
    Peabody (BTU) scraps the $500M sale of a thermal-coal mine in Queensland after receiving no worthwhile bids, Reuters reports. The move adds to nearly $15B of deals shelved or postponed in Australia this year as commodity prices drop. Other deals set to be pulled include Vale's (VALE) $500M sale of a mine and BG's sale of a $2B stake in an LNG project.
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  • Apr. 13, 2012, 8:59 AM
    Early indications point to a fierce contest for Peabody Energy’s (BTU) Wilkie Creek thermal coal mine, with non-binding bids due April 23. While attention may be focused on interest from Japan and China, WSJ reports Thailand’s state-owned PTT is mulling an initial offer for the mine, which has an annual output capacity of 2M tons of thermal coal and could be worth A$500M-A$750M.
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  • Mar. 15, 2012, 10:43 AM
    Shares of Peabody Energy (BTU +3.8%) jump higher on reports that Berkshire Hathaway (BRK.A +0.2%) is seeking a buyout of the company.
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  • Dec. 5, 2011, 6:32 AM
    Australian coal miners Whitehaven Coal (WHITF.PK) and Aston Resources are in negotiations for a A$4.65B (US$4.76B) "merger of equals." Any deal would create a company with a prospective annual output of 27M tons in 2015, comparable to that of Peabody Energy's (BTU) Australian operations last year. (PR .pdf)
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  • Nov. 16, 2011, 6:40 AM
    Peabody Energy (BTU) says it's acquired more than 90% of Macarthur Coal (MACDF.PK) - a trigger that allows the company to force remaining shareholders to sell and increases the offering price to $16.52/share from $16.27/share.
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  • Oct. 25, 2011, 6:04 AM
    ArcelorMittal (MT) quits a joint bid with Peabody Energy (BTU) to buy Macarthur (MACDF.PK)  for A$4.9B ($5B). Peabody will therefore gain ownership of ArcelorMittal's existing 16.07% stake in the Australian miner. Yesterday, the companies said they had obtained a 59.85% majority interest in Macarthur. (previous)
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  • Oct. 24, 2011, 5:26 AM
    Peabody (BTU) and ArcelorMittal (MT) obtain a 59.85% majority interest in Australia's Macarthur Coal (MACDF.PK), ensuring success for their A$4.9B ($5B) bid. (previous)
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  • Oct. 21, 2011, 3:13 AM
    Peabody (BTU) and ArcelorMittal (MT) receive a major boost in their quest to buy Macarthur (MACDF.PK) after China's Citic (CTJHF.PK) says it will support the companies' A$4.9B ($5B) bid for the Australian miner. Citic's 25.2% in Macarthur will give Peabody and ArcelorMittal over 49% of the firm. (PR)
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  • Oct. 20, 2011, 11:54 AM
    Peabody Energy (BTU) and ArcelorMittal (MT) extend their A$4.9B ($5.1B) takeover offer for Macarthur Coal (MACDF.PK) for the third time as they work to convince major shareholders to back the bid.
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  • Sep. 19, 2011, 4:23 AM
    Peabody (BTU) and ArcelorMittal (MT) extend their sweetened $5.2B takeover bid for Macarthur Coal (MACDF.PK) to October 14. The bid was due to expire Sept. 27.
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  • Sep. 8, 2011, 3:10 AM
    Anglo American (AAUKY.PK) backs away from making a counterbid for Macarthur Coal (MACDF.PK), leaving the way open for Peabody Energy (BTU) and ArcelorMittal (MT), which have offered A$4.83B ($5.12B), or A$16 a share. China's Citic, owner of 24.5% in Macarthur, wants A$18.
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  • Aug. 30, 2011, 2:54 AM
    Macarthur (MACDF.PK) backs an increased A$4.83B ($5.12B) acquisition offer from Peabody Energy (BTU) and ArcelorMittal (MT).  A rival bid may still emerge for the world's biggest producer of pulverized coking coal, with sources saying Anglo American (AAUKY.PK) is interested. (PR)
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  • Aug. 2, 2011, 8:50 AM
    Shares of ArcelorMittal (MT) and Peabody Energy (BTU) trade lower after their $5.2B takeover bid for MacArthur Coal (MACDY.PK) falls flat. The board of the Australian coal producer is working to secure a better deal than the $15.50/share all-cash "non-hostile" offer, and is not yet prepared to counter at $16/share. Shares of MT -3.2% BTU -1.6% down premarket.
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Company Description
Peabody Energy Corp is involved in mining. It mines, prepares, and sells thermal coal to electric utilities and metallurgical coal to industrial customers.