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SunCoke Energy, Inc. Completes Phoenix Global Acquisition

1. SunCoke Energy acquires Phoenix Global for $325 million, enhancing capabilities. 2. This acquisition strengthens SunCoke's position in electric arc furnace operations.

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FAQ

Why Bullish?

The acquisition signals growth and expanded operational capacity, which historically boosts stock performance.

How important is it?

The acquisition directly impacts SXC's growth trajectory, influencing investor confidence and future earnings.

Why Long Term?

Strategic acquisitions typically take time to materialize into financial benefits, as seen in prior market activity.

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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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