Arch Coal Ltd, one of the largest coal producers in US, is predicted to file bankruptcy protection in the coming months following massive losses in third quarter. The Company’s shares crashed by 19% on Monday (Nov 23) to make market cap of US$17.9 million only. Indika Energy (INDY), meanwhile, has launched cash tender offer of a maximum US$100 million out of the US$300 million Notes due 2018 at a maximum of 65 cent to one dollar.To subscribe please click here
