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Noble Group (OTCPK:NOBGF) moves to secure its Gloucester Coal ownership (and, by extension, to...

Apr. 06, 2010 7:27 AM ETNoble Group Limited (NOBGY) StockBTU, NOBGYBy: Rachael Granby, SA News Editor
Noble Group (OTCPK:NOBGF) moves to secure its Gloucester Coal ownership (and, by extension, to become Macarthur Coal's largest shareholder) by offering A$127M ($117.5M) for the 12.3% of Gloucester it doesn't already own. Noble also issues two unusually fiery press releases (I, II) attacking Peabody's (NYSE:BTU) offer for Macarthur.

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