Arch Coal downgraded by Citigroup to ``neutral'' (aci)
Arch Coal was downgraded by equities research analysts at Citigroup to a ``neutral'' rating in a research note issued to investors on Monday, Analyst Ratings Network.com reports.
Arch Coal, Inc. announced today that it has completed its acquisition of International Coal Group, Inc. through a merger, with ICG becoming a wholly owned subsidiary of Arch. Prior to the merger, Arch acquired approximately 92 percent of ICG's outstanding shares of common stock in connection with its previously disclosed tender offer.