Peabody confirms Anglo American initiated arbitration over terminated coal asset purchase agreement

PEABODY ENERGY CORP

Anglo American initiated arbitration after Peabody terminated purchase agreements for steelmaking coal assets.
Peabody asserts a material adverse change occurred, entitling it to terminate the agreements.
Anglo returned $29 million of the $75 million deposit; Peabody demands the remaining $46 million.
Peabody states it remains confident in its position to defend the termination.

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