Creve Coeur-based Arch Coal says the U.S. Bankruptcy Court for the Eastern District of Missouri has approved its disclosure statement, clearing the way for eligible stakeholders to vote on a restructuring plan.
Arch Coal will begin the process of soliciting votes for the restructuring plan from eligible stakeholders immediately. The Court has set a voting deadline of August 31 for eligible stakeholders.
A hearing to consider confirmation of the plan is scheduled to begin on Sept. 13.
Read more: St. Louis Post-Dispatch