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Simpson Thacher Represents Peabody Energy in Spin-Off of Patriot Coal

11.08.07

Simpson Thacher represented Peabody Energy Corporation in connection with the spin-off of its wholly-owned subsidiary, Patriot Coal Corporation. The spin-off was accomplished on October 31, 2007 through a special dividend of all outstanding shares of Patriot to Peabody shareholders. Patriot is now listed on the New York Stock Exchange and had a market capitalization of nearly $1 billion at the end of its first day of trading.

The Simpson Thacher team working on this transaction included: Rhett Brandon, Daniel Holzer, Pierre-Luc Arsenault, Kim Vu and Jordan Bleicher (M&A); Risë Norman, LeAnn Leutner and Christopher Frigon (Securities); Marissa Wesely, Erik Hepler, Jill Kalish, David Cohen and Rosa Pizzi (Credit); Alvin Brown and Rachel Berry (Employee Benefits); Charles Rappaport and Sean Austin (Tax); Kirstie Howard and Elise Wolinsky (Intellectual Property); Adeeb Fadil (Environmental); Mardi Merjian (Real Estate); as well as paralegals Andrew Bouta and Courtney Schrenko.