Cloud Peak Energy Announces Strategic Alternatives Review
CLOUD PEAK ENERGY (CLD)
Last cloud peak energy earnings: 3/15 06:04 am
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US:NYSE Investor Relations:
investor.cloudpeakenergy.com
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Source: Business Wire
GILLETTE, Wyo.--(BUSINESS WIRE)-- Cloud Peak Energy Inc. (NYSE:CLD), one of the largest U.S. coal producers and the only pure-play Powder River Basin (“PRB”) coal company, today announced that its Board of Directors, working together with the Company’s management team and legal and financial advisors, has commenced a review of strategic alternatives, including a potential sale of the Company. The Company has engaged J.P. Morgan Securities LLC as its financial advisor and Allen & Overy LLP as legal counsel in connection with the strategic alternatives review. Colin Marshall, President and Chief Executive Officer of Cloud Peak Energy, commented, “While our Board is undertaking this strategic review, Cloud Peak Energy remains focused on executing against our operational and financial priorities. We will continue to adjust our business to the structural changes in the U.S. coal industry and to position our c
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