Your binder contains too many pages, the maximum is 40.
We are unable to add this page to your binder, please try again later.
This page has been added to your binder.
May 2, 2011
NEW YORK, May 2, 2011 — Covington & Burling LLP represented UBS Securities LLC, financial adviser to International Coal Group, Inc., in its $3.4 billion sale to Arch Coal, Inc., creating the second largest U.S. metallurgical coal supplier and a top-five overall global coal producer and marketer.
Under the terms of the agreement, Arch will acquire all of the outstanding shares of ICG for $14.60 per share, in an all-cash transaction.
UBS provides investment banking and securities, wealth management, asset management and retail and corporate banking services worldwide. ICG is a producer of coal in Northern and Central Appalachia and the Illinois Basin. U.S.-based Arch Coal is one of the world's largest coal producers, with more than 160 million tons of coal sold in 2010.
The New York-based Covington corporate team was led by partner J. D. Weinberg, with associate Silas Lum*.
*Not yet admitted to practice.