Macarthur becomes industry prey

NEW Hope has made a $A3.71 billion scrip-based takeover offer for Macarthur Coal, trumping Peabody’s $3.56 billion offer, while Xstrata is reportedly considering a bid.

Macarthur becomes industry prey Macarthur becomes industry prey Macarthur becomes industry prey Macarthur becomes industry prey Macarthur becomes industry prey

New Hope sold its New Saraji project to BHP Billiton Mitsubishi Alliance for $2.45 billion in July 2008 and still cleared more than $1 billion after tax and $648 million of associated dividends.

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