Macarthur Coal Takeover Now Complete
Peabody Energy (NYSE:BTU) announced it has completed its acquisition of Macarthur Coal (ASX:MCC).
Articles Tagged "ASX:MCC"
2011 Coal Market Trends
While 2011 was not as radiant as its long term coal projections, both thermal and coking coal markets saw consistent production and consumption growth.
Peabody Energy and ArcelorMittal Obtain Majority Interest in Macarthur Coal
Peabody Energy (NYSE:BTU) and ArcelorMittal (NYSE:MT) have now removed all conditions of their takeover of Macarthur Coal (ASX:MCC).
Peabody, Arcelor Extend Bid for Macarthur
MarketWatch reported that Peabody (NYSE:BTU) and ArcelorMittal's (NYSE:MT) bid to take over Macarthur Coal (ASX:MCC) was extended for two more weeks.
Macarthur Coal Bidder PEAMCoal Again Extends Takeover Deadline
Platts reported that Peabody Energy (NYSE:BTU) and ArcelorMittal (NYSE:MT) are still waiting for Chinese approval for their takeover of Macarthur Coal (ASX:MCC).
2011 Coal Trends and Q4 Outlook
Various natural disasters, coupled with continued demand growth from emerging markets, have supported strong prices of both thermal and metallurgical coal markets in 2011, but expect prices to slide in Q4.
Macarthur Full-Year Profit Gains on Mine Sales, Coal Prices
Bloomberg reported that Macarthur Coal (ASX:MCC) nearly doubled its yearly profit on asset sales and rising coal prices.
Anglo American Said to Weigh Counterbid to Peabody’s Macarthur Coal Offer
Bloomberg reported that Anglo American (LON:AAL) is considering a bid for Macarthur Coal (ASX:MCC).
Peabody Energy and ArcelorMittal Submit All Cash Offer to Acquire Macarthur Coal
Peabody Energy (NYSE:BTU) and ArcelorMittal (NYSE:MT) announced their intention to bid for acquisition of Macarthur Coal (ASX:MCC).
Peabody Confident of Acquiring Australian Coal Miner
Reuters reported that Peabody Energy (NYSE:BTU) is confident its shareholders will prove its acquisition of Macarthur Coal (ASX:MCC).
