Macarthur takeover quagmire

IN an attempt to get its $A3.56 billion offer for Macarthur Coal firmly on the table, Peabody Energy has made an application to the Takeovers Panel to delay the shareholder vote on Macarthur’s takeover offer for Gloucester Coal.

Macarthur takeover quagmire Macarthur takeover quagmire Macarthur takeover quagmire Macarthur takeover quagmire Macarthur takeover quagmire

Commodities trader Noble Group owns 87.7% of Gloucester, courtesy of its $7 per share cash takeover last year, and made a $12.60 cash offer for the remaining Gloucester shares yesterday.

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