By: Benzinga
March 14, 2013 at 22:08 PM EDT
Peabody Energy Responds to Patriot Coal Claim
Peabody Energy (NYSE: BTU ) states: Our contract with Patriot Coal (OTC: PCQCX) states that we will fund a portion of Patriot's retiree healthcare expenses for specified retirees. We have been providing funds under this contract since the spinoff. This contract also appropriately states that, should Patriot's benefit obligations decrease,
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