Arch Coal (ACI.N) will buy smaller peer International Coal Group Inc (ICO.N) in an all-cash deal for $3.4 billion to create the second-largest U.S. producer of steel-making coal, the companies said on Monday. Arch will pay $14.60 per share of International Coal under the definitive agreement signed between the companies.
Arch Coal, Inc. (Arch) is a coal producer company. Shares of ACI remained unchanged at $34.3. In the past year, the shares have traded as low as $19.09 and as high as $36.99. On average, 4047010 shares of ACI exchange hands on a given day and today's volume is recorded at 6850.
International Coal Group, Inc. (ICG) is a producer of coal in Northern and Central Appalachia with a range of mid- to high British thermal unit (Btu), low to medium sulfur steam and metallurgical coal. Shares of ICO remained unchanged at $11.03. In the past year, the shares have traded as low as $3.59 and as high as $11.62. On average, 7766850 shares of ICO exchange hands on a given day and today's volume is recorded at 131815.
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