Japanese regulator clears Peabody ArcelorMittal bid for Macarthu

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Japanese regulator clears Peabody ArcelorMittal bid for Macarthur Coal

Thursday, 25 Aug 2011

Japan's competition regulator has cleared a USD 5 billion hostile bid for Australia's Macarthur Coal by Peabody Energy and ArcelorMittal.

Macarthur is resisting the AUD 15.66 a share offer, which includes Macarthur's final dividend. Macarthur considers the offer too low and is due to respond to it by September 1.

(Sourced from Reuters)

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