Peabody Bankruptcy Comes on Heels of Failed Sale of Mines - Wall Str...

04/13/16


Wall Street Journal

Peabody Bankruptcy Comes on Heels of Failed Sale of Mines
Wall Street Journal
In conjunction with its bankruptcy filing, Peabody said Wednesday that Bowie was ultimately unable to secure financing and the sale has been terminated. Peabody says it is owed $20 million from Bowie as a breakup fee stemming from the sale collapse.
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