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Aug. 19, 2011, 11:35 AM
Aug. 2, 2011, 8:50 AMShares of ArcelorMittal (MT) and Peabody Energy (BTU) trade lower after their $5.2B takeover bid for MacArthur Coal (MACDY.PK) falls flat. The board of the Australian coal producer is working to secure a better deal than the $15.50/share all-cash "non-hostile" offer, and is not yet prepared to counter at $16/share. Shares of MT -3.2% BTU -1.6% down premarket. | Comment!
Aug. 1, 2011, 2:59 AM
Jul. 20, 2011, 6:28 AM
Jul. 14, 2011, 8:56 AMCoal miner Peabody Energy (BTU) and steelmaker ArcelorMittal (MT) raise their offer for Macarthur Coal (MACDY.PK) to $5.05B and agree to start due diligence on the deal. The latest move suggests the takeover is likely to go ahead, although the partners may need to raise their offer a bit more to win over Macarthur's shareholders. | Comment!
Jul. 11, 2011, 4:59 AM
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