Peabody Energy, World's Top Coal Miner, Expected to File for Bankruptcy as Stock Price Tanks

DeSmogBlog
By Steve HornMar 19, 2016, 4:03 pm284 ptsTrending
Peabody Energy (BTU), the top miner of coal in the world, may soon file for Chapter 11 bankruptcy. The news comes as Peabody's stock closed Wednesday at a six-month low of $2.19 per share — a 46-percent fall. Peabody noted its potential bankruptcy in the company's March 16 U.S. Securities and Exchange…

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