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Macarthur Coal bows to sweetened Peabody, Arcelor bid

Asian Times Online UK | August 31, 2011 | 4:11 pm Energy Australia Europe Coal 

PEABODY Energy and ArcelorMittal have won over Macarthur Coal with a sweetened $5.2bn (£3.18bn) takeover offer, after a rival bidder failed to emerge for the Australian coal miner. The higher bid appears set to seal the latest in a flurry of coal deals

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