International Coal Group Inc now expected to undergo an acquisition transaction with the wholly owned subsidiary of Arch, Atlas Acquisition Corp, as it has commenced the previously announced tender offer to acquire all of the outstanding shares of International Coal Group, Inc common stock for USD 14.60 per share in cash without interest.

The announcement was made on May 2nd 2011 by Arch and ICG about the signing of a definitive merger agreement pursuant to which Arch agreed to cause Merger Sub to commence the tender offer. The boards of directors of both companies each unanimously approved the terms of the merger agreement.

International Coal Group, Inc on May 16th 2011 increased 0.21% with the closing price of USD 14.48. The overall volume in the last trading session was 13.14 million shares. Its fifty two week range was USD 3.59 to USD 14.51. The total market capitalization remained USD 2.96 billion.

The current stock price of International Coal Group is moving above its 52 week low by 303.34% and moving below from 52 week high price by -0.14%. ICO last month stock price volatility remained 1.97%. In its share capital ICO has 204.16 million outstanding shares while company’s float is 201.03 million shares. Ownership of company is 96.02% institutional while insiders owning 0.80%.

The company’s current stock price is above its 20 days moving average with 15.26% and above its 50 days moving average with 26.90%. International Coal Group is moving positive as its month performance is 31.16% while quarter performance is 51.31%. Company has sound business returns as its operating margin is 5.77% with profit margin of 2.77%. Company’s beta coefficient is 1.72.

(Sourced from galaxystocks.com)