International Coal Grp Inc N (ICO)

[Hockmir]

For those who may not have been aware:

6/15/11 @ 10 a.m.
CHARLESTON, W.Va. (AP) -- Arch Coal says it's completed its acquisition of rival International Coal Group.

Arch says the deal closed Wednesday morning. Arch agreed to acquire the smaller ICG for $3.4 billion in May.

St. Louis-based Arch hopes acquiring Scott Depot-based ICG will allow it to exploit growing demand for high-priced coal used to manufacture steel. The deal gives Arch a bigger piece of Appalachian production and the company says it will rank as the nation's second largest supplier of metallurgical coal.