Our role:
On 6 July 2006, Excel Coal Limited (Excel) together with Peabody Energy Corporation (Peabody) announced a proposal under which Peabody would acquire 100% of the issued ordinary shares in Excel via a scheme of arrangement for cash consideration of $8.50 per Excel ordinary share.

Whilst there was no legal requirement, Deloitte prepared an independent expert report providing an opinion on whether the proposed takeover was in the best interest of Excel’s shareholders.

Deal value: $2.0 billion

Date: 2006