Thursday, 25 Aug 2011
Japan's competition regulator has cleared a USD 5 billion hostile bid for Australia's Macarthur Coal by Peabody Energy and ArcelorMittal.
Macarthur is resisting the AUD 15.66 a share offer, which includes Macarthur's final dividend. Macarthur considers the offer too low and is due to respond to it by September 1.
(sourced from Reuters)
Lee Universal Enterprises is a leading International mining company.We are leader in mining,processing and export of minerals. Company's Business area is spread all over the world including India, Indonesia,China and Australia.Mainly we work in Coal, Iron Ore and Red Ochre.
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