Macarthur Declines Peabody’s A$3.8bn Offer

- May 19th, 2010

Macarthur Coal Limited (ASX:MCC), an independent Queensland-based coal mining company, has declined US-based Peabody Energy’s take over and said that it could not take its current offer to shareholders. It was a downgrade offer of A$3,8-billion for Macarthur.
Macarthur is quoted saying:
““The proposed terms of a shareholder agreement tabled by Peabody in March 2010 are not […]

Macarthur Coal Limited (ASX:MCC), an independent Queensland-based coal mining company, has declined US-based Peabody Energy’s take over and said that it could not take its current offer to shareholders. It was a downgrade offer of A$3,8-billion for Macarthur.

Macarthur is quoted saying:

““The proposed terms of a shareholder agreement tabled by Peabody in March 2010 are not acceptable to Citic.”

Click here to access the entire news

Get the latest Coal Investing stock information

Get the latest information about companies associated with Coal Investing Delivered directly to your inbox.

Coal Investing

Tags

Leave a Reply