
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SATURDAY, March 31, 1990                   TAG: 9003310249
SECTION: BUSINESS                    PAGE: A7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

HANSON AFFILIATE TO BUY PEABODY

Hanson Industries, the British owner of Grove Worldwide, a new Salem industry, said an affiliate company will buy the remaining 55 percent interest in Peabody Holding Co., the largest coal producer in the nation. Last month, Hanson said it agreed to buy 45 percent of Peabody. Hanson will pay Newmont Mining Corp. $715 million for the remaining interest in Peabody. Peabody mines are in West Virginia and nine other Midwestern and Western states.

- Staff report

by CNB