U.S. miner Peabody Energy faces an uphill battle to win support for its $3.8 billion bid for Macarthur Coal from the Australian miner's board and biggest shareholder.
IBT Staff Reporter
Apr 18, 2010
Top U.S. coal miner Peabody Energy raised its offer for Australia's Macarthur Coal to $3.27 billion, but the new offer was below Macarthur's market price, suggesting the bidding could go higher.
IBT Staff Reporter
Apr 06, 2010
Top U.S. coal miner Peabody Energy raised its offer for Australia's Macarthur Coal to $3.27 billion, but the new offer is at a discount to Macarthur's last trading price.
IBT Staff Reporter
Apr 06, 2010
Australia's Macarthur Coal rejected a $3 billion bid from U.S. miner Peabody Energy, saying it undervalued the growth prospects of a company which controls a third of the world's supply of a cleaner coal coveted by steelmakers.
IBT Staff Reporter
Mar 31, 2010