The Firm is representing Arch Coal, Inc. (NYSE: ACI) in connection with the sale of its wholly-owned subsidiary, Canyon Fuel Company, LLC, for $435 million in cash to Bowie Resources, LLC. Canyon Fuel includes the Sufco and Skyline longwall mines and the Dugout Canyon continuous miner operation in Utah. In addition, Bowie will receive approximately 105 million tons of bituminous coal reserves in Utah. The transaction is subject to customary adjustments for working capital and other items. The transaction is expected to close in the third quarter of 2013.
The Simpson Thacher team includes Mario Ponce, Andrew Calder, Jay Blackman and Mickey Baden (M&A), Christopher Brown (Credit), Andrea Wahlquist and Brittany McCants (Executive Compensation and Employee Benefits), Adeeb Fadil (Environmental), Steve Todrys and Chang Won Choi (Tax); Ken Ehrhard (Antitrust) and Krista McManus (Real Estate).
