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Peabody lowers Macarthur bid

PEABODY Energy has knocked $A1 off its $16 cash bid for Macarthur Coal shares, as the Rudd govern...

Blair Price

Otherwise, the new $15 proposal from Peabody is similar to its previous bid, which is a play for a controlling interest in Macarthur as opposed to a full takeover. This arrangement allows Macarthur’s...

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