If the MAC is not satisfied in the limited timeframe specified under the companies' acquisition agreements, Peabody may elect to terminate the agreements.">
MANAGEMENT

Peabody may exit $6B deal to buy Anglo American's Australian met coal mines

Notifies Anglo of a 'material adverse change' affecting the deal

The recent Moranbah North fire has Peabody reviewing its purchase of Anglo American's metallurgical coal business.

The recent Moranbah North fire has Peabody reviewing its purchase of Anglo American's metallurgical coal business. | Credits: Shutterstock

Peabody Energy has notified Anglo American of a "material adverse change" affecting its planned acquisition of Anglo's Australian metallurgical coal mines related to the March 31 fire at Moranbah North....

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