FTC Clears Arch Coal $761M Rio Tinto Mine Buy

Law360, New York (August 21, 2009, 3:05 PM EDT) -- The Federal Trade Commission has signed off on Arch Coal Inc.'s planned $761 million acquisition of Rio Tinto Group's Jacobs Ranch coal mine in Wyoming, leading both companies to predict the deal will close within six weeks.

Arch CEO Steven F. Leer said the company is "working swiftly" to complete its due diligence and meet other closing conditions as the company announced the antitrust approval Aug. 20.

"We are confident this acquisition will create significant benefits for our company, our customers and our shareholders," Leer said...
To view the full article, register now.