FTC files complaint to block joint venture between Peabody Energy and Arch Coal

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“Peabody and Arch intend to litigate the FTC’s decision within the U.S. federal court system over the coming months,” according to the companies, adding that the Commission “incorrectly defined the market, and fails to reflect the true competitive nature of the current U.S. energy landscape.”

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The FTC said the administrative trial on its complaint against Peabody and Arch’s joint venture is set to start on August 11, 2020.