Peabody, Arcelor Extend Bid for Macarthur

Industrial Metals

MarketWatch reported that Peabody (NYSE:BTU) and ArcelorMittal’s (NYSE:MT) bid to take over Macarthur Coal (ASX:MCC) was extended for two more weeks.

MarketWatch reported that Peabody (NYSE:BTU) and ArcelorMittal’s (NYSE:MT) bid to take over Macarthur Coal (ASX:MCC) was extended for two more weeks.

As quoted in the market news:

In a joint statement, Peabody and Arcelor said the offer from their PEAMCoal vehicle would now close on Nov. 11. It was originally scheduled to close on Sept. 27.

Click here to read the full MarketWatch report.

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