McDermott Will & Emery is advising RAG International Mining on its acquisition of Cyprus Amax coal company. The deal is valued at $1.1 billion in cash and debt. Cyprus Amax Coal is one of the biggest coal mining companies in the US and has properties in Pennsylvania, Wyoming, Utah, Colorado and Illinois. RAG is a subsidiary of the German energy and technology company RAG Aktiengesellschaft.
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The OECD had previously missed a June 30 deadline to agree an MLC on amount A; in other news, UK corporation tax bills surged to a record high last year