February 26, 2020 / 2:24 PM / a month ago

U.S. FTC files suit to block Peabody and Arch Coal JV in Wyoming

WASHINGTON, Feb 26 (Reuters) - The U.S. Federal Trade Commission said on Wednesday it has filed a lawsuit to block a joint venture in Wyoming between coal mining companies Peabody Energy Corporation and Arch Coal because it would allegedly eliminate competition.

The FTC said it filed a complaint for a temporary restraining order and preliminary injunction in the U.S. District Court for the Eastern District of Missouri. (Reporting by Chris Sanders Editing by Chizu Nomiyama)

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