Thursday, 06 Oct 2011
Peabody Energy and ArcelorMittal have extended their AUD 4.9 billion takeover bid for Australia's Macarthur Coal until October 28th 2011.
Macarthur has accepted a sweetened AUD 16 per share bid from Peabody and ArcelorMittal after failing to find a rival bidder.
The bid had been due to expire on October 14th 2011
(sourced from Reuters)
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