(EnergyAsia, July 13 2011, Wednesday) — US Peabody Energy and Luxembourg steel maker ArcelorMittal SA said they have jointly proposed to the board of Australia’s Macarthur Coal Ltd (MCC) to acquire all its shares for a total of A$4.7 billion. (US$1=A$0.94).A newly-formed company, owned 60% by Peabody and 40% by ArcelorMittal, has proposed to pay…
AUSTRALIA: Peabody Energy and ArcelorMittal SA propose to acquire Macarthur Coal for A$4.7 billion
Posted on July 13, 2011 by EnergyAsia