M&A

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.

Blair Price
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. Signalling...

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