ST. LOUIS, July 27, 2015 /PRNewswire/ -- Arch Coal,
Inc. ("Arch") (NYSE:ACI) today announced that for administrative
purposes it is postponing its previously announced one-for-ten
reverse stock split of Arch's common stock. The reverse stock
split previously was expected to take place after market close on
July 27, 2015. As a result of
the postponement, the reverse stock split is expected to take place
after market close on August 3, 2015
(the "Effective Time"). It also is expected that Arch's
common stock will begin trading on a split-adjusted basis on the
New York Stock Exchange ("NYSE") at the market open on August 4, 2015. While Arch's common stock
will continue to trade on the NYSE under the symbol "ACI," the new
CUSIP number following the effectiveness of the reverse stock split
will be 039380308. Questions relating to the reverse stock
split can be directed to Arch's transfer agent, American Stock
Transfer & Trust Company, LLC, who can be reached at (877)
248-6417 or (718) 921-8317.
U.S.-based Arch Coal, Inc. is one of the world's top coal
producers for the global steel and power generation industries,
serving customers on five continents. Its network of mining
complexes is the most diversified in the
United States, spanning every major coal basin in the
nation. Arch controls more than 5 billion tons of
high-quality metallurgical and thermal coal reserves, with access
to major railroads, inland waterways and a growing number of
seaborne trade channels. For more information, visit
www.archcoal.com.
Forward-Looking Statements: This press release contains
"forward-looking statements" – that is, statements related to
future, not past, events. In this context, forward-looking
statements often address our expected future business and financial
performance, and often contain words such as "expects,"
"anticipates," "intends," "plans," "believes," "seeks," or
"will." Forward-looking statements by their nature address
matters that are, to varying degrees, uncertain. For us,
particular uncertainties arise from changes in the demand for our
coal by the domestic electric generation industry; from legislation
and regulations relating to the Clean Air Act and other
environmental initiatives; from operational, geological, permit,
labor and weather-related factors; from fluctuations in the amount
of cash we generate from operations; from future integration of
acquired businesses; and from many other matters of national,
regional and global scale, including those of a political,
economic, business, competitive or regulatory nature. These
uncertainties may cause our actual future results to be materially
different than those expressed in our forward-looking
statements. We do not undertake to update our forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required by law. For a
description of some of the risks and uncertainties that may affect
our future results, you should see the risk factors described from
time to time in the reports we file with the Securities and
Exchange Commission.
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SOURCE Arch Coal, Inc.