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BRIEF-Arch Coal announces stock repurchase agreement with Monarch Alternative Capital
September 14, 2017 / 1:35 AM / 6 days ago

BRIEF-Arch Coal announces stock repurchase agreement with Monarch Alternative Capital

Sept 13 (Reuters) - Arch Coal Inc -

* Arch Coal, Inc. announces stock repurchase agreement with Monarch Alternative Capital

* Has agreed to repurchase from Monarch 750,000 shares of Arch’s common stock at a purchase price of $74.33 per share

* Intends to fund repurchase with cash on hand

* Aggregate consideration of approximately $55.7 million

* Says following closing of transaction, Monarch will own approximately 2.6 million shares of Arch’s common stock Source text for Eikon: Further company coverage:

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