Macarthur board recommends Peabody, Arcelor offer

The board of ASX-listed Macarthur Coal on Monday “unanimously” recommended shareholders accept a takeover offer from US-based Peabody Energy and steel producer ArcelorMittal. In its target statement, chairperson Keith DeLacy said that the...

Peabody, Arcelor bid for Macarthur open for acceptance

US-based Peabody Energy and steel giant ArcelorMittal have officially declared their joint takeover offer for Australia’s Macarthur Coal open for acceptance. The two parties, which are bidding A$4.7-billion for the coal miner, urged Macarthur...

Peabody sweetens Macarthur Coal offer

Australian coal producer Macarthur Coal said on Tuesday that its board would meet to consider US-based Peabody's revised takeover offer, but advised shareholders to take no action for now. This comes as Peabody increased its offer for Macarthur to...

Macarthur Coal rejects A$3,3bn Peabody bid

The board of ASX-listed coal producer Macarthur Coal has advised its shareholders to reject a A$3,3-billion takeover offer by the US-based Peabody Energy Corporation. Macarthur, which halted trading on Wednesday, said Peabody had offered to...

Macarthur Coal offers to buy rival Gloucester

Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase resources, geographic footprint and product diversification. The company, which is already the world's largest...