Peabody in its acquisition of steelmaking coal assets from Anglo American plc

On November 25, 2024, Peabody (NYSE: BTU) announced it has agreed to acquire Tier 1 world-class steelmaking coal assets from Anglo American plc in a transaction valued at up to $3.775 billion.  The acquisition includes metallurgical coal mines located in Australia’s Bowen Basin (Moranbah North, Grosvenor, Aquila, and Capcoal).

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Peabody’s Board of Directors.