Peabody, Arcelor Extend Bid for Macarthur

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.

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