Reported about 2 months ago
Peabody Energy Corp.'s shares jumped over 7% after Thomist Capital Management LP revealed a 9.96% ownership stake and recommended the coal company use part of its $1.45 billion cash to repurchase shares and optimize asset value. The stock rose to $24.22 following this announcement, coinciding with a merger between Arch Resources Inc. and Consol Energy Inc.
Source: YAHOO