Peabody Energy Corporation (BTU)

[Pennies From God]

Sounds like BTU just sold 5mm shares or a little over 11% of BTU and they get voting rights.

I'm not sure, but it could be that BTU is unloading some of those bonds (from the debt stock swap, or what some called, BK).

In other words, BTU may be officially or unofficially easing out of debt bond structure for direct investment ownership(s).

Not sure, time will tell if more companies do the same with BTU.

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