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Fast Forward: Takata & Armstrong Energy

June 21, 2017 by PETITION in News

Holy airbag Batman. It looks like Takata Corp. may finally be plunging into Chapter 11. For those who thought the coal-based bankruptcy wave was passed us, Armstrong Energy's recently filed 8-K is a reminder that maybe it isn't: the thermal coal producer (electricity production) skipped its interest payment and now negotiates within its 30-day grace period.