SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported)
January 27, 1997
ASHLAND COAL, INC.
(Exact name or registrant as specified in its charter)
Delaware 1-9993 61-0880012
(State or other (Commission file number) (I.R.S.Employer
jurisdication of Identification No.)
incorporation or
organization)
2205 Fifth Street Road, Huntington, West Virginia 25701
(Address of principal executive offices) (Zip Code)
P.O. Box 6300, Huntington, West Virginia 25771
(Mailing Address) (Zip Code)
Registrant's telephone number, including area code: (304)
526-3333
Item 5. Other Events.
On January 27, 1997, the Boards of Directors of Ashland
Coal, Inc. ("Ashland Coal") and Arch Mineral Corporation ("Arch
Mineral") jointly announced that they had approved an agreement
in principle calling for the combination of the two companies.
The exchange ratio to be used for the transaction would result in
former Ashland Coal and Arch Mineral shareholders holding 48
percent and 52 percent of the combined company, respectively.
Further terms and conditions of the transaction are continuing to
be negotiated. Consummation of the transaction is strictly
conditioned upon the negotiation and execution of definitive
agreements between the parties, all necessary governmental and
regulatory consents, and approval by the shareholders of both
corporations.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
ASHLAND COAL, INC.
(Registrant)
By: /s/ Roy F. Layman
Administrative Vice
President and Secretary
Date: February 3, 1997
