Publications
Publications
- October 2008 (Revised October 2008)
- HBS Case Collection
Lehman Brothers and Peabody Coal
Abstract
When Texas Utilities Company (TXU) wanted to acquire The Energy Group, the latter needed to spin-off its coal mining assets, Peabody Coal, to avoid running afoul of antitrust authorities. In this case, TXU's investment banker, Lehman Brothers, considers whether to acquire Peabody Coal in a $2.7 billion transaction.
Keywords
Mergers and Acquisitions; Investment Banking; Monopoly; Conflict of Interests; Mining Industry; Utilities Industry
Citation
El-Hage, Nabil N., and Cedric A. Lucas. "Lehman Brothers and Peabody Coal." Harvard Business School Case 209-009, October 2008. (Revised October 2008.)