News: Peabody And Elliott Management Enter Into Agreement

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    Feb 5 (Reuters) - Peabody Energy Corp BTU.N :

    • PEABODY AND ELLIOTT MANAGEMENT ENTER INTO AGREEMENT; NEW MEMBERS TO BE APPOINTED TO BOARD OF DIRECTORS
    • PEABODY ENERGY CORP - ELLIOTT HAS AGREED TO CERTAIN CUSTOMARY STANDSTILL, VOTING AND OTHER PROVISIONS
    • PEABODY ENERGY CORP - WILL APPOINT ELLIOTT MANAGEMENT EQUITY PARTNER, ELLIOTT MANAGEMENT PORTFOLIO MANAGER , DARREN YEATES TO BOARD
    • PEABODY ENERGY - CO & ELLIOTT ALSO AGREED TO ADD A FOURTH INDEPENDENT DIRECTOR TO BE JOINTLY IDENTIFIED BY CO AND ELLIOTT
    • PEABODY ENERGY CORP - WILL NOMINATE EACH OF NEW DIRECTORS FOR A FULL ONE-YEAR TERM AT UPCOMING ANNUAL SHAREHOLDERS MEETING
 
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