Hanson to Control Coal Firm: Debt-laden Newmont...
From Times Staff and Wire Reports
Hanson to Control Coal Firm: Debt-laden Newmont Mining Corp. said it will sell its controlling stake in Peabody Holdings Co. to Hanson PLC for $715 million, giving the British industrial giant full control of America’s biggest coal producer. Hanson, which also owns 49% of Newmont, agreed last month to pay $504 million for a 45.03% Peabody stake held jointly by Boeing Co., Bechtel Investments Inc. and Eastern Enterprises.
