Word: carbomin
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...more than 200 parties" interested in buying at least part of Peabody. Of these, only five seemed able to pay the full sale price-reportedly a cool $1 billion. So far, however, Cities Service Corp., the Tennessee Valley Authority and a privately owned coal-exporting firm called ICM-Carbomin International have either formally or informally dropped out of contention. While the other two-both syndicates of electric utilities-keep on negotiating, a consortium headed by Newmont Mining Corp. has appeared a last likely bidder. But this group is said to have offered only $800 million for Peabody, and whether...
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