TPG-Axon Capital Discloses 5.2% Stake in Arch Coal (ACI)
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In a 13G filing on today on Arch Coal (NYSE: ACI), TPG-Axon Capital disclosed a 5.2% stake in the coal company. The firm said it held 1,530,400 shares of Common Stock and options to purchase 6,000,000 shares of Common Stock. A 13F indicates a 'passive investment.'
TPG-Axon Capital is a leading global investment firm with over $5.8 billion of capital invested in public and private markets around the world. TPG-Axon spun out of buyout firm Texas Pacific Group.
Arch Coal, Inc. engages in the production and sale of steam and metallurgical coal from surface and underground mines to power plants, steel mills, and industrial facilities in the United States.
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