St. Clairsville Local Business
Monday Mar 16 | via Business Journal
Murray Energy Corp. will spend $1.4 billion for a controlling interest in a fellow coal company in St. Louis in what Murray says is a "transformative event" for the global coal industry. Murray, out of St. Clairsville in Belmont County, will acquire the stakes in Foresight Energy GP LLC and Foresight Energy LP . Comment?
Monday Mar 16 | via Electric Energy Online
Murray Energy Corporation announced that it entered into a definitive agreement with Foresight Reserves , an affiliate of the Cline Group, to purchase an eighty percent voting interest in Foresight Energy GP LLC with a seventy-seven and one half percent interest in the incentive distribution rights and approximately fifty percent of the limited partner interest in Foresight Energy LP. Murray Energy expects to finance the acquisition and pay related fees and expenses with the proceeds of debt financing arranged by Deutsche Bank Securities Inc. and Goldman, Sachs & Co. Comment?
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