ANTITRUST: $1 Billion Dilemma

FOR SALE: Peabody Coal Co., the nation's No. 1 coal producer. Sold 72 million tons worth $723.4 million in 1975. Has untapped reserves of 9 billion tons in the U.S., plus holdings in Australia. Potential buyers must 1) be able to raise $1 billion, and 2) get approval of the Federal Trade Commission. If qualified, call Kennecott Copper Co. in New York City —and call collect. soon as the U.S.'s biggest copper company acquired Peabody in 1968, the FTC charged it with violation of a dubious antitrust law. That led to a formal...

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