{"id":57057,"date":"2017-03-16T09:52:19","date_gmt":"2017-03-16T13:52:19","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=57057"},"modified":"2017-03-16T09:52:19","modified_gmt":"2017-03-16T13:52:19","slug":"hedge-funds-to-reap-big-stock-gains-from-bankruptcy-of-coal-miner-peabody","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2017\/hedge-funds-to-reap-big-stock-gains-from-bankruptcy-of-coal-miner-peabody.html","title":{"rendered":"Hedge Funds to Reap Big Stock Gains from Bankruptcy of Coal Miner Peabody"},"content":{"rendered":"

\n(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.<\/p>\n

Six hedge funds and a state investment fund together own about half of the company’s unsecured bonds, according to a January disclosure statement from Peabody. They used that leverage to gain access to a private placement of company stock, which has become surprisingly valuable amid an unexpected coal resurgence.<\/p>\n

To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(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. Six hedge funds […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57057","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=57057"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57057\/revisions"}],"predecessor-version":[{"id":57058,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/57057\/revisions\/57058"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=57057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=57057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=57057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}