Magnetar Capital announced on Sunday that it has entered into an agreement with James River Coal Company (JRCC.O) to sell International Resource Partners LP (IRP), a metallurgical and steam coal company, for a cash transaction value of $475 million. The transaction is expected to close in the first half of 2011, subject to various closing conditions. The agreement will supersede prior plans to complete an initial public offering of IRP, according to a release announcing the plans.
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