Anglo American (AAUKY.PK) backs away from making a counterbid for Macarthur Coal (MACDF.PK),...

|About: Anglo American plc ADR (AAUKY)|By:, SA News Editor

Anglo American (AAUKY.PK) backs away from making a counterbid for Macarthur Coal (MACDF.PK), leaving the way open for Peabody Energy (BTU) and ArcelorMittal (MT), which have offered A$4.83B ($5.12B), or A$16 a share. China's Citic, owner of 24.5% in Macarthur, wants A$18.