Thursday, 20 Oct 2011
Peabody Energy and ArcelorMittal have extended their AUD 4.9 billion takeover offer for Australia's Macarthur Coal until November 11th 2011.
The bid had been due to expire on Oct 28.
Macarthur has accepted a sweetened AUD 16 per share bid from Peabody and Arcelor after failing to find a rival bidder.
(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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