Anglo American-Peabody Coal Business Deal Under Scrutiny Due to Financing Woes -- Market Talk

Dow Jones

Apr 24

0854 GMT - There are concerns over how Peabody can afford to refinance its bridge loan for the acquisition of Anglo American's steelmaking coal business, RBC Capital Markets analysts write. Peabody shares have plummeted since the acquisition was announced and it has said it is reviewing the up to $3.78 billion deal. However, the agreement contained no break clause so it is unclear how Peabody could exit it, the analysts write. Anglo American might have to support Peabody by reducing the upfront capital needed to complete the acquisition, they write. Options include changing the payment structure, underwriting Peabody's debt or taking equity in the company. These aren't ideal but are better than restarting the sales process, they add. Anglo American shares trade down 1.21% at 2,073.50 pence. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

April 24, 2025 04:55 ET (08:55 GMT)

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Peabody shares have plummeted since the acquisition was announced and it has said it is reviewing the up to $3.78 billion deal. However, the agreement contained no break clause so it is unclear how Peabody could exit it, the analysts write. Anglo American might have to support Peabody by reducing the upfront capital needed to complete the acquisition, they write. Options include changing the payment structure, underwriting Peabody's debt or taking equity in the company. These aren't ideal but are better than restarting the sales process, they add. Anglo American shares trade down 1.21% at 2,073.50 pence. (adam.whittaker@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 24, 2025 04:55 ET (08:55 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Anglo American-Peabody Coal Business Deal Under Scrutiny Due to Financing Woes -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnglo American-Peabody Coal Business Deal Under Scrutiny Due to Financing Woes -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-24 16:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0854 GMT - There are concerns over how <a href=\"https://laohu8.com/S/BTU\">Peabody</a> can afford to refinance its bridge loan for the acquisition of Anglo American's steelmaking coal business, RBC Capital Markets analysts write. Peabody shares have plummeted since the acquisition was announced and it has said it is reviewing the up to $3.78 billion deal. However, the agreement contained no break clause so it is unclear how Peabody could exit it, the analysts write. Anglo American might have to support Peabody by reducing the upfront capital needed to complete the acquisition, they write. Options include changing the payment structure, underwriting Peabody's debt or taking equity in the company. These aren't ideal but are better than restarting the sales process, they add. Anglo American shares trade down 1.21% at 2,073.50 pence. (adam.whittaker@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 24, 2025 04:55 ET (08:55 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4168","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2529736786","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2529736786","pubTimestamp":1745484900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0854 GMT - There are concerns over how Peabody can afford to refinance its bridge loan for the acquisition of Anglo American's steelmaking coal business, RBC Capital Markets analysts write. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4168":"多种金属与采矿","BK4585":"ETF&股票定投概念","AFG":"美国金融集团有限公司","NGLOY":"Anglo American plc","BK4156":"煤与消费用燃料","BK4588":"碎股","BK4107":"财产与意外伤害保险","BK4117":"多元化保险","BTU":"Peabody"},"translate_title":"英美资源集团与皮博迪煤炭业务交易因融资困境而受到审查——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AFG":1,"NGLOY":0.9,"BTU":0.9},"content_text":"0854 GMT - There are concerns over how Peabody can afford to refinance its bridge loan for the acquisition of Anglo American's steelmaking coal business, RBC Capital Markets analysts write. Peabody shares have plummeted since the acquisition was announced and it has said it is reviewing the up to $3.78 billion deal. However, the agreement contained no break clause so it is unclear how Peabody could exit it, the analysts write. Anglo American might have to support Peabody by reducing the upfront capital needed to complete the acquisition, they write. Options include changing the payment structure, underwriting Peabody's debt or taking equity in the company. These aren't ideal but are better than restarting the sales process, they add. Anglo American shares trade down 1.21% at 2,073.50 pence. (adam.whittaker@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 24, 2025 04:55 ET (08:55 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}