1968’s Kennecott Copper Corporation’s Purchase of Peabody Coal Company (879 words, 2 pages)
In 1968, Kennecott Copper Corporation made a hasty decision when it purchased Peabody Coal Company. In the years preceding the acquisition, Kennecott had experienced wide swings in its profitability, which it was looking to offset by diversification. Investing in another company in a different industry was an intelligent decision however, ...
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