Peabody indicated that it may withdraw from the agreement if the issues are not resolved within a specified time frame.

Peabody Energy has taken a significant step in its planned acquisition of steelmaking coal assets from Anglo American Plc by formally notifying the latter of a Material Adverse Change (MAC).

Coal miner Peabody warned diversified miner Anglo American it may invoke a material-adverse-change clause to halt an up-to-$3.78 billion acquisition of Anglo's steelmaking coal assets. Anglo ...