Macarthur Coal Recommends A$4.83 Billion Peabody, Arcelor Offer
August 29 2011 - 7:42PM
Dow Jones News
The directors of Macarthur Coal Ltd. (MCC.AU) on Tuesday urged
shareholders to accept a sweetened A$4.83 billion takeover bid from
Peabody Energy Corp. (BTU) and ArcelorMittal SA (MT).
The pair have raised their offer to A$16.00 for each Macarthur
share from their previous offer of A$15.50 a share, Macarthur
said.
-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692;
Ross.Kelly@dowjones.com
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