Arch Coal Receives Request for Additional Information from the Federal Trade Commission
Arch Coal Receives Request for Additional Information from the Federal Trade Commission
August 6, 2003 at 12:43 PM EDT
St. Louis - August 6, 2003 - Arch Coal, Inc. (NYSE:ACI) today announced that it had received a request for additional information (commonly known as a "second request") from the Federal Trade Commission (FTC) in connection with Arch's previously announced acquisition of Triton Coal Company, LLC.
Arch Coal intends to respond promptly to this request. The waiting period applicable to the pending transaction under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 will expire 30 days after substantial compliance with the request, unless terminated earlier or extended by the FTC.
Arch Coal is the nation's second largest coal producer, with subsidiary operations in West Virginia, Kentucky, Virginia, Wyoming, Colorado and Utah. Through these operations, Arch Coal provides the fuel for approximately 6% of the electricity generated in the United States.
Arch Coal intends to respond promptly to this request. The waiting period applicable to the pending transaction under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 will expire 30 days after substantial compliance with the request, unless terminated earlier or extended by the FTC.
Arch Coal is the nation's second largest coal producer, with subsidiary operations in West Virginia, Kentucky, Virginia, Wyoming, Colorado and Utah. Through these operations, Arch Coal provides the fuel for approximately 6% of the electricity generated in the United States.