Green Touch Builders | Murray Energy acquiring controlling interest in Foresight Energy
22857
post-template-default,single,single-post,postid-22857,single-format-standard,ajax_fade,page_not_loaded,,select-theme-ver-3.8.1,wpb-js-composer js-comp-ver-6.1,vc_responsive
March 16, 2015 By SEO Admin

Murray Energy acquiring controlling interest in Foresight Energy

An Ohio coal company is acquiring a controlling interest in St. Louis-based Foresight Energy for $1.4 billion.

Under terms of the deal, Murray Energy Corp. will acquire a controlling interest in both Foresight Energy Group and its parent company, Foresight Reserves LP. Chris Cline, founder of Foresight, will retain a 22.5 percent interest in Foresight Energy and 35 percent interest in Foresight Reserves.

The combined company will control more than 9 billion tons of coal reserves, making it one…