Coal Giant Murray Strikes Deal With Union, Moves Closer to Sale

Murray American Energy Inc. reached a tentative agreement for a new contract with United Mine Workers of America that must be ratified by the union before the bankrupt coal giant can be acquired by a group of lenders.

• Details of the contract won’t be released until workers can review and ratify it, according to emailed statement
  • Murray American Energy operates mines in West Virginia, and is a unit of Murray Energy Corp.
• NOTE: Murray has asked bankruptcy judge to let it shed some health-care obligations
• EARLIER: Cash-Strapped Coal Giant Murray Energy Faces Liquidation

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