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Hallador Energy Co's Sunrise Coal, LLC agrees to purchase Vectren Fuels wholly owned coal mining subsidiary of Vectren Corp

Tuesday, 1 Jul 2014 07:30pm EDT 

Hallador Energy Co:Says that its wholly owned subsidiary, Sunrise Coal, LLC has agreed to purchase Vectren Fuels, Inc.The purchase price is $296 million plus additional working capital adjustments, not to exceed a total of $325 million.Sunrise is working with its group of banks headed by PNC Bank to secure the necessary financing.Says closing is expected to occur around Sept. 1, 2014. 

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