Macarthur snubs $3.4b bid
By Rebecca Keenan and Jason Scott | China Daily | Updated: 2010-04-10 07:28
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A geologist logs samples at a Macarthur Coal Ltd facility in central Queensland, Australia. Macarthur Coal Ltd via Bloomberg |
MELBOURNE, Australia - Macarthur Coal Ltd rejected a A$3.64 billion ($3.4 billion) takeover bid from New Hope Corp, which is battling Peabody Energy Corp and Noble Group Ltd for control of the world's biggest producer of pulverized coal.
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