Peabody to purchase Anglo American’s Australian metallurgical coal property in $3.78B deal

Peabody (NYSE:BTU) to accumulate steelmaking coal property from Anglo American (OTCQX:AAUKF) in a $3.78 billion deal that accelerates its technique to reweight its world coal portfolio towards seaborne metallurgical coal, the corporate mentioned Monday.

Peabody has agreed to pay money