Peabody Terminates Planned Acquisition with Anglo American
1. Peabody terminates purchase agreements with Anglo American due to a material adverse change. 2. The termination follows an ignition event at Anglo's Moranbah North Mine. 3. Peabody plans to focus on value creation through a diversified asset portfolio. 4. Strategic focus includes returning cash to shareholders and maintaining a strong balance sheet. 5. Holding costs at Moranbah North are estimated at $45 million monthly.