trending Market Intelligence /marketintelligence/en/news-insights/trending/bXwOIdYXTxBub1HuEH_7Rw2 content esgSubNav
In This List

Arch Coal to repurchase 500,000 shares from Monarch

Blog

Q2'21 U.S. Power Forecast

Blog

Middle East & Africa M&A by the Numbers: Q2 2021

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge


Arch Coal to repurchase 500,000 shares from Monarch

Arch Coal Inc. will repurchase 500,000 shares of its common stock from funds managed by Monarch Alternative Capital LP at a price of $83.03 per share, representing aggregate consideration of approximately $41.5 million.

The transaction is expected to close Dec. 14 and will be funded by cash on hand, the company said in a Dec. 11 news release.

Arch's board of directors recently boosted its share repurchase authorization to $500 million in the third quarter, and the company reported 2.9 million shares repurchased to date in its third-quarter earnings report.