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Peabody, ArcelorMittal bid $5 bln for Macarthur Coal

Reuters | July 11, 2011 | 1:55 pm Energy Coal Iron Ore 

Peabody Energy has teamed up with ArcelorMittal to offer $5 billion for Australia's Macarthur Coal , the world's biggest producer of pulverised coal, as demand for steel-making raw materials intensifies. The cash offer of A$15.50 a share represents a 40-percent...

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