Arch Coal says it's completed a $14.60 per share tender offer for stock in rival International Coal Group.
The offer closed Tuesday and Arch says it expects to complete the acquisition of Scott Depot-based ICG Wednesday. Arch offered to buy ICG for $3.4 billion in May.
Arch says ICG shareholders tendered nearly 188 million shares in the offer. It intends to purchase additional shares from ICG to push its ownership stake above 90 percent, enabling the deal to close.
A sports and entertainment company seeking to build an NFL stadium in downtown Los Angeles has spoken to the St. Louis Rams.
AEG President Tim Leiweke told the Orange County Register that he is reaching out to the Minnesota Vikings, San Diego Chargers, Oakland Raiders, St. Louis Rams and Jacksonville Jaguars.
The Rams future in St. Louis may hinge on the status of their downtown stadium, The Edward Jones Dome.
Adversaries in the contentious pro football labor battle convened in a Federal Appeals Court in St. Louis on Friday.
The National Football League is appealing an April injunction from a Minnesota Judge that temporarily lifted the lockout.
The NFL Players Association is in the process of suing the league, claiming that the lockout in violation of federal anti-trust laws.
Paul Clement is an attorney for the NFL team owners; he told a three-judge panel that the issue before them is one for labor laws to decide.
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