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| 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
The directors of Australian coal miner Macarthur Coal Ltd. (MCC.AU) will stand down Wednesday and appoint nominees of the joint venture of Peabody Energy Corp. (BTU) and ArcelorMittal (MT) which took control of the miner on Monday, the company said.
In a statement, Macarthur chairman Keith DeLacy said the takeover, which values Macarthur at A$4.9 billion, was a "testament to Macarthur's extraordinary growth over the last decade".
The takeover joint venture, PEAMCoal, announced late Monday that it had acquired 59.86% of Macarthur shares, with a further 2.51% in an acceptance facility giving the company 62.37% of shares.
-By David Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@dowjones.com
1 Year Macarthur Coal Chart |
1 Month Macarthur Coal Chart |
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