Arch Coal said that for administrative purposes it is postponing its previously reported one-for-ten reverse stock split of Arch's common stock.
According to a release from the Company, the reverse stock split previously was expected to take place after market close on July 27. As a result of the postponement, the reverse stock split is expected to take place after market close on August 3, (the "Effective Time"). It also is expected that Arch's common stock will begin trading on a split-adjusted basis on the New York Stock Exchange ("NYSE") at the market open on August 4. While Arch's common stock will continue to trade on the NYSE under the symbol "ACI," the new CUSIP number following the effectiveness of the reverse stock split will be 039380308. Questions relating to the reverse stock split can be directed to Arch's transfer agent, American Stock Transfer & Trust Company, who can be reached at (877) 248-6417 or (718) 921- 8317.
U.S.-based Arch Coal is a coal producer for the global steel and power generation industries, serving customers on five continents.
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