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Peabody Energy and ArcelorMittal SA Submit Proposal to Acquire Macarthur Coal
Jul. 11, 2011 03:24PM PST
Industrial MetalsPeabody Energy (NYSE:BTU) and ArcelorMittal SA (NYSE:MT) announced their joint intention to acquire Macarthur Coal (ASX:MCC).
Peabody Energy (NYSE:BTU) and ArcelorMittal SA (NYSE:MT) announced their joint intention to acquire Macarthur Coal (ASX:MCC).
The press release is quoted as saying:
Under the proposal by a newly formed company, owned 60 percent by Peabody and 40 percent by ArcelorMittal, Macarthur shareholders would be offered a cash price of A$15.50 per share through an off-market takeover offer.
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