Tuesday, April 4, 2017

Peabody Energy Options Contract Adjustment

On March 17, 2017, the United States Bankruptcy Court for the Eastern District of Missouri Eastern Division confirmed the Second Amended Joint Chapter 11 Plan of Reorganization (“Plan”) for Peabody Energy Corporation (BTUUQ). The Plan became effective on April 3, 2017, and BTUUQ shares were canceled.

Effective April 3, 2017, existing BTUUQ options are adjusted to no longer call for the delivery of Peabody Energy Corporation shares upon exercise.

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