Peabody Confident of Acquiring Australian Coal Miner

Industrial Metals

Reuters reported that Peabody Energy (NYSE:BTU) is confident its shareholders will prove its acquisition of Macarthur Coal (ASX:MCC).

Reuters reported that Peabody Energy (NYSE:BTU) is confident its shareholders will prove its acquisition of Macarthur Coal (ASX:MCC).

The market news is quoted as saying:

Peabody’s Chairman and Chief Executive Officer Gregory Boyce said the company’s strategy was to expand in the regions that serve the fastest growing markets, such as Asia, through organic growth, joint ventures and acquisitions.

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