BUZZ-Peaboby Energy reviews options for $3.78 bln deal with Anglo American, shares rise

Reuters
04-09
BUZZ-Peaboby Energy reviews options for $3.78 bln deal with Anglo American, shares rise

** Shares of U.S.-based coal producer Peabody Energy BTU.N rise 3.3% to $11.64

** Co said on Tuesday it was reviewing options for the $3.78 billion deal with Anglo American AAL.L after a fire halted production at a mine which was included in the deal

** BTU said it was in conversation with AAL to understand the impacts of the event and would preserve all rights and protections under its purchase agreements

** Deal included a payment of $2.05 billion at completion, deferred cash consideration of $725 million and another potential $550 million

** Including session's moves, shares down 39.54% YTD

(Reporting by Katha Kalia in Bengaluru)

((Katha.Kalia@thomsonreuters.com))

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