We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Macar Coal Fpo | ASX:MCC | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From May 2019 to May 2024
Private coal miner Peabody Energy Corp. (BTU) and the world's largest steelmaker by output ArcelorMittal (MT) Monday said they secured a 59.85% stake in Australian coking coal miner Macarthur Coal Ltd. (MCC.AU) and as a result their offer became unconditional.
PEAMCoal Pty Ltd., the suitors' joint-venture body, said it in a statement it offers to pay A$16 for each share of Macarthur and will raise its offer to A$16.25 if it manages to get at least 90% of the company by Nov. 11.
"We encourage remaining Macarthur shareholders to accept without delay and improve their chances of receiving the premium A$16.25 per share price, should we reach the 90% compulsory acquisition threshold," Aditya Mittal, ArcelorMittal's Chief Financial Officer said in a statement.
ArcelorMittal and Peabody had moved to buy Macarthur in July after Peabody had tried unsuccessfully on its own. The two companies had originally offered to pay A$15 a share of Macarthur after raising it to A$16.
-By Inti Landauro, Dow Jones Newswires; +33 1 4017 1740; inti.landauro@dowjones.com
1 Year Macarthur Coal Chart |
1 Month Macarthur Coal Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
