Peabody & ArcelorMittal take over bid for Macarthur Coal

Dear PGM CAPITAL Blog readers, Today, Monday July 11th 2011,¬†Peabody Energy (NYSE: BTU) and ArcelorMittal SA (NYSE: MT) confirmed that they have jointly submitted an indicative proposal to the board of directors of Macarthur Coal Ltd. (ASX: MCC) to acquire all of the shares of the company. Highlights: Under the proposal by a newly formed[…]