Westmoreland Coal Co. completed the acquisition of San Juan Coal Company from BHP Billiton New Mexico Coal, Inc.
As of June 23, 2015, Board of Directors of Westmoreland approved the transaction. As on July 1, 2015 Westmoreland Coal Co. (NasdaqGM:WLB) entered into the definitive purchase agreement to acquire San Juan Coal Company from BHP Billiton New Mexico Coal, Inc. On December 16, 2015, the transaction was approved by the New Mexico Public Regulation Commission. The deal is expected to close by January 31, 2016. BMO Capital served as capital markets advisor for the transaction. WEAVER AND TIDWELL LLP acted as accountant to San Juan Coal Company.
Westmoreland Coal Co. (NasdaqGM:WLB) completed the acquisition of San Juan Coal Company from BHP Billiton New Mexico Coal, Inc. on January 31, 2016.