Arch Resources (ARCH) has released an update.
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Arch Resources, Inc. has negotiated the early termination of certain capped call transactions with key financial institutions in an effort to manage potential dilution from its 5.25% Convertible Senior Notes. This strategic move is estimated to result in the company reclaiming and retiring up to 325,000 shares, which represents nearly 2% of its total diluted shares.
For further insights into ARCH stock, check out TipRanks’ Stock Analysis page.