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Macarthur Coal spurns a $3.5B bid from Australian rival New Hope, saying it will continue to...

Macarthur Coal spurns a $3.5B bid from Australian rival New Hope, saying it will continue to move forward with a plan to take over Gloucester Coal in alliance with Noble Group (NOBGF.PK). Macarthur had already rejected an earlier $3.45B bid from New Hope, and a $3.3B bid from Peabody (BTU).
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