Macarthur Coal rejects Peabody Energy's (BTU) recently-reduced bid, calling the A$3.8B ($3.3B)...

|About: Peabody Energy Corp. (BTU)|By:, SA News Editor

Macarthur Coal rejects Peabody Energy's (BTU) recently-reduced bid, calling the A$3.8B ($3.3B) offer too low and saying Citic Group and ArcelorMittal (MT), its two largest shareholders, are unlikely to support the bid. Macarthur closed -15.7% in Australian trading.