International Coal Group ICO
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Financial Distress May Visit Central Appalachian Miners
… virtually all growth since the beginning of the decade had come through acquisitions. Even though Arch has absorbed International Coal Group 's portfolio and growth prospects, we do not believe absolute volume will surpass 2010's peak for several …
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New Morningstar Analyst Report - Arch Coal
… despite the inclusion of International Coal Group for an entire year. After ..... company's purchase of International Coal Group , which was struck months ..... turned around and acquired International Coal Group . With this deal, Arch …
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Placing Arch Coal and CONSOL Energy Under Review
… demand destruction in Central Appalachia in 2012 and probably 2013 as well. Arch had the poor fortune to acquire International Coal Group in 2011, which doubled its bets on this troubled basin. Falling production and prices in all basins, especially …
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UPDATE 1-Arch Coal posts higher 4th-qtr profit
Feb 10 (Reuters) - Arch Coal Inc posted higher fourth-quarter profit buoyed by increased sales prices and its acquisition of International Coal Group last year.
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Arch Coal Looks Attractive At Current Levels
… with primary operations in the both the Powder River Basin and Appalachia. The Company closed its purchase of International Coal Group (ICG) in 2011, which greatly expanded the Company’s reserves of met coal in the Appalachians, although …
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Our Outlook for Basic Materials Stocks
… thermal coal. Arch Coal ACI is in a slightly better spot, as it has a better cost position. But after absorbing International Coal Group , the company will be very met focused as well. Even industry giant Peabody Energy BTU is heavily dependent …
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Our Outlook for Basic Materials Stocks
… nose to acquire Massey Energy, is down nearly 40% for the past three months. Arch Coal ACI, which snapped up International Coal Group , is down 30%. The worst performer was James River Coal JRCC, our worst-in-breed Central Appalachian miner …
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Look Forward to More Buying Opportunities in Basic Materials
… M&A remains a focal point in the coal industry. Arch Coal ACI announced in early May that it would acquire International Coal Group for about $3.4 billion. This caps off a series of coal deals the world over during the past six months …
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Arch's New 19s and 21s Look Reasonably Priced, Cloud Peak's 17s and 19s Remain Our Favorites
… billion in new debt with proceeds to be applied to funding the previously announced $3.4 billion acquisition of International Coal Group ICO. In tandem, the company also announced it had raised net proceeds of $1.25 billion in new equity to …
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Credit Rating Downgrade: Arch Coal
We are lowering our issuer rating for Arch Coal ACI to BB- in anticipation of the firm's acquisition of International Coal Group ICO for $3.4 billion in cash. We had suspended our BB issuer rating on May 2 in the wake of the deal's …