The preliminary agreement could ease the passage of a compensation deal and avoid the neccesity of fighting a $47.5 billion claim in court.
European stocks hit a three-month low after slumping China exports spook global markets.
Charges could still rise if an ongoing legal challenge to the miners' preffered compensation deal is succesful.
Blount Int’l (BLT) stock is gaining after the company agreed to be acquired by affiliates of American Securities and P2 Capital Partners.
Blount International (BLT) has been downgraded by TheStreet Ratings from Buy to Hold with a ratings score of C+.