ATH crashes on news of restructuring

ATH Resources, one of the UK's largest coal producers, said it faced a comprehensive review and restructuring of its business after some of its debt was bought by an investment fund.

ATH Resources, one of the UK's largest coal producers, said it faced a comprehensive review and restructuring of its business after some of its debt was bought by an investment fund.

It said in light of the development, and given the existing level of liabilities, "it is unlikely that existing shareholder value will be maintained".

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