Hedge funds to reap big stock gains from bankruptcy of coal miner Peabody

Mar 16, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

CHICAGO/WILMINGTON, Del (Reuters) – When leading U.S. coal miner Peabody Energy Corp emerges from bankruptcy next month, a group of seven investment funds could reap hundreds of millions of dollars in gains from an unusual sale of discounted company stock.