SA News • Oct. 21, 2011
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Oct. 21, 2011, 3:13 AMPeabody (BTU) and ArcelorMittal (MT) receive a major boost in their quest to buy Macarthur (MACDF.PK) after China's Citic (CTJHF.PK) says it will support the companies' A$4.9B ($5B) bid for the Australian miner. Citic's 25.2% in Macarthur will give Peabody and ArcelorMittal over 49% of the firm. (PR) | Comment!
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