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SunCoke Energy, Inc. Completes Phoenix Global Acquisition

1. SunCoke has acquired Phoenix Global for $325 million, enhancing its operations. 2. The acquisition was funded through cash and credit facilities.

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+1.33%S&P 500
$7.2308/04 07:09 AM EDTEvent Start
$7.42508/05 02:03 PM EDTLatest Updated
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FAQ

Why Bullish?

Acquisitions often signal growth potential. Historical cases show stock increases post-acquisition announcements, especially when they expand operational capacities.

How important is it?

The acquisition is significant for SXC's strategic growth and operational enhancement, indicating positive future earnings potential.

Why Long Term?

The benefits of acquisitions typically materialize over time, as integration and operational efficiencies develop.

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LISLE, Ill.--(BUSINESS WIRE)--SunCoke Energy, Inc. (NYSE: SXC) (“SunCoke”) today announced that it has completed its previously announced acquisition of Phoenix Global (“Phoenix”) for $325 million on August 1, 2025. SunCoke has acquired all of the common units of Flame Aggregator, LLC which, together with its subsidiaries, operates as Phoenix Global. The transaction was funded with cash on-hand and revolving credit facility borrowing. The acquisition of Phoenix adds electric arc furnace operati.

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