Peabody Energy today announced that PEAMCoal Pty Ltd has begun the process of a compulsory acquisition of all outstanding shares of Macarthur Coal Limited. after obtaining a relevant interest in more than 90 percent of the shares. All Macarthur shareholders will now be entitled to receive the increased offer price of A$16.25 per share, consistent [...]
Peabody Energy and ArcelorMittal today announced that CRH and CITIC Group have confirmed that they intend to accept the A$16.00 all-cash takeover offer for Macarthur Coal Ltd. With these acceptances, PEAMCoal will control more than 49% of Macarthur Coal shares, and intends to declare the offer unconditional upon obtaining control of 50.01% of [...]
Peabody Energy and ArcelorMittal today note the announcement by Macarthur Coal Ltd. which states that the parties have agreed to a process for due diligence. Following discussions between the parties, Peabody and ArcelorMittal have agreed to: Improve the indicative proposal by allowing a dividend of 16 cents per share to be paid to Macarthur [...]
Peabody Energy (NYSE: BTU) and ArcelorMittal SA (NYSE: MT) today confirmed that they have jointly submitted an indicative proposal to the board of directors of Macarthur Coal Ltd. (ASX: MCC) to acquire all of the shares of the company.
Under the proposal by a newly formed company, owned 60 percent by Peabody
Sydney, Australia (ABN Newswire) - The Australian stocks market opened higher for a fourth straight day led by financial sector. The benchmark ASX 200 share index was up 0.36 per cent while the broader All Ordinaries increased 0.26 per cent in early trade.
Sydney, Australia (ABN Newswire) - The Australian stocks market on Tuesday extended gains as Dow Jones index hit a two-month high due to strong US new home sales and corporate earnings. Shortly after the opening bell, the S&P/ASX200 Index rose 0.74 per cent, and the broader All Ordinaries Index was up 0.7 per cent [...]
09:30 AEST July 7, 2010 ABN Newswire (C) 2004-2010 Asia Business News PL. All Rights Reserved. Sydney, Australia (ABN Newswire) - The Australian shares rebounded strongly from early losses on Tuesday, helped by the Reserve Bank of Australia's ...
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