Archive for November, 2011

03
Nov

Peabody Energy moves to control of Macarthur Coal

Peabody Energy moves to control of Macarthur Coal

Macarthur Coal is moving close to joining the long list of delisted and digested Australian resource stocks this month. The takeover bid from Peabody Energy Australia Ltd and Arcelor has had more twists and turns as Arcelor withdrew from the bid after Citic (22%) unexpectedly accepted the offer.