Peabody, Arcelor Extend Bid for Macarthur

- October 19th, 2011

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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2 responses to “Peabody, Arcelor Extend Bid for Macarthur

  1. Operation Twist expires at the end of June. I would presume
    that even in the best of circumstances, they will continue some form of easing.
    The prevailing view at the moment is that they will “twist” into MBS.

    Expanding the balance sheet looks a bit risky politically
    before the election when CPI is above target, but I wouldn’t rule it out.

  2. Operation Twist expires at the end of June. I would presume
    that even in the best of circumstances, they will continue some form of easing.
    The prevailing view at the moment is that they will “twist” into MBS.

    Expanding the balance sheet looks a bit risky politically
    before the election when CPI is above target, but I wouldn’t rule it out.

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