Sep19, 2011
SYDNEY, Sept 19 (Reuters) - Peabody Energy and ArcelorMittal have extended their $5.2 billion takeover bid for Australia's Macarthur Coal until Oct. 14, the companies said on Monday.
Macarthur last month accepted a sweetened A$16 per share bid from Peabody and Arcelor after failing to find a rival bidder.
The bid had been due to expire on Sept. 27.
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