Peabody Energy and ArcelorMittal Receive Final Regulatory Clearance to Proceed with Macarthur Coal Takeover

By Eddie Staley
Benzinga Staff Writer
October 13, 2011 9:20 AM

Symbols: BTU, MT

Posted in: News, M&A

Peabody Energy (NYSE: BTU) and ArcelorMittal (NYSE: MT) today announced they have received clearance from the Ministry of Commerce of the People's Republic of China to proceed with the A$16.00 per share cash offer for all outstanding shares of Macarthur Coal Ltd.

This means that all necessary regulatory conditions to the completion of PEAMCoal's offer have now been received.

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Peabody Energy and ArcelorMittal Receive Final Regulatory Clearance to Proceed with Macarthur Coal Takeover

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