Peabody Energy Corporation (BTU): $BTU Peabody Energy to repurchase $40M o...

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Re: peccs post# 1777

Thursday, 08/17/2017 9:29:01 PM

Thursday, August 17, 2017 9:29:01 PM

$BTU Peabody Energy to repurchase $40M of stock alongside secondary offering

Peabody Energy (NYSE:BTU) -1.9% AH after announcing the launch of a 12.8M-share secondary offering by certain selling stockholders affiliated with Discovery Capital Management; BTU will not receive any proceeds from the offering.

Alongside the offering, BTU says it will repurchase ~$40M worth of shares from the underwriter.

The shares offered were previously issued by BTU in connection with its emergence from Chapter 11.

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