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Macarthur Coal backs sweetened Peabody, Arcelor offer

Reuters | August 30, 2011 | 1:40 am Energy Australia Europe Coal 

Australia's Macarthur Coal has backed a slightly sweetened A$4.9 billion ($5.2 billion) takeover offer from Peabody Energy and ArcelorMittal . Peabody and ArcelorMittal raised their offer by 3 percent to A$16 a share and will also add Macarthur's A$0.16

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