Edition:
United Kingdom

Peabody Announces Agreement To Repurchase $300 Mln In BTU Shares


Wednesday, 15 Aug 2018 

Aug 15 (Reuters) - Peabody Energy Corp ::PEABODY ANNOUNCES AGREEMENT TO REPURCHASE $300 MILLION IN BTU SHARES DIRECTLY FROM ENTITIES ADVISED BY ELLIOTT MANAGEMENT.PEABODY ENERGY CORP - REPURCHASES NOW TOTAL $875 MILLION SINCE COMPANY'S SHAREHOLDER RETURN PROGRAM WAS INITIATED IN AUGUST 2017.PEABODY ENERGY CORP - AGREEMENT TO REPURCHASE STOCK DIRECTLY FROM ENTITIES ADVISED BY ELLIOTT MANAGEMENT AT A PRICE OF $41.82 PER SHARE.PEABODY ENERGY - REPURCHASE REPRESENTS 5.9 PERCENT OF CO'S SHARES OUTSTANDING AND IS BEING MADE UNDER PEABODY'S $1 BILLION AUTHORIZED REPURCHASE PROGRAM.