International Coal Group acquired by Arch Coal for $3.4 billion
Client(s) International Coal Group, Inc.
Jones Day advised International Coal Group, Inc. in the $3.4 billion all cash tender offer by Arch Coal, Inc. for all outstanding shares. Shareholders holding approximately 17% of ICG's shares outstanding have agreed to tender their shares in the offer.
The combined company will be the second largest U.S. metallurgical coal supplier and a top-five overall global coal producer and marketer. With the addition of ICG's operations, Arch will become the only U.S. coal producer with assets in every major U.S. coal supply basin.
In addition to M&A representation, Jones Day provided capital markets, employee benefits, tax, environmental, real estate, and antitrust advice regarding this transaction.