Market Overview

UPDATE: Peabody Energy, ArcelorMittal and Macarthur Board Agree to Terms for Recommended Takeover of Macarthur Coal

Share:

Peabody Energy (NYSE: BTU) and ArcelorMittal (NYSE: MT) today announced that PEAMCoal has agreed to terms with the Macarthur board for a cash takeover of all outstanding shares of Macarthur Coal for A$16.001 per share, valuing the equity in Macarthur at approximately A$4.8 billion. All participating members of the Macarthur Board recommend that Macarthur shareholders accept the new PEAMCoal offer.

 

Related Articles (BTU + MT)

View Comments and Join the Discussion!

Posted-In: M&A News