M&A

Macarthur rejects Peabody offer

PEABODY Energy's revised cash bid for Macarthur Coal of $A15 per share is looking shaky as the Macarthur board opts not to recommend it.

Blair Price
Macarthur rejects Peabody offer

CITIC Resources holds 22.4% of Macarthur and was strongly opposed to Peabody’s revised offer which was $1 per share lower than its previous bid after the Rudd government’s announcement of the resources...

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