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Cloud Peak Energy commences strategic review
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Report summary
On 13 November 2018, Cloud Peak Energy (Cloud Peak) announced that its Board of Directors began a “review of strategic alternatives.” The company did not disclose what will follow the review, but a potential sale of the company is surely among the various alternatives being discussed with management and J.P. Morgan Securities. A transaction could certainly alter the market landscape in the Powder River Basin (PRB), depending on which investor assumes control of Cloud Peak’s assets.
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