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ArcelorMittal, Peabody bid for Macarthur Coal turns hostile

Express India | August 1, 2011 | 1:27 pm Energy Australia Europe Coal

The Peabody-ArcelorMittal combine has offered a bid of AUD 15.50 per share plus a dividend of 16 cents per share, following the rejection of their conditional offer for an increase to AUD 16 per share by the Australian miner’s Board. In a filing to the