After studying its finances Anglo American has decided against launching a $4.9
billion bid for Macarthur Coal.
The decision increases the likelihood that Peabody and its
partner ArcelorMittal will take control of the company, after the Macarthur
board agreed to a sweetened $16 a share bid from the pair last week.
After accepting the bid on Monday Macarthur chairman Keith de
Lacy told shareholders it remained possible a better offer would be made. Read More
Australian Mining
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