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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
Peabody Energy Corp. (BTU) will start compulsory acquisition of the remaining shares in Macarthur Coal Ltd. (MCC.AU) and raise its offer price by 25 cents to A$16.25 per share, after the world's largest private sector coal miner hit a 90% shareholding in the company.
In a statement to the Australian Securities Exchange, Peabody Chief Executive Gregory H. Boyce said: "We are very pleased to be acquiring 100% of Macarthur shares, which brings clear strategic and financial benefits."
Peabody has made several separate bids for the company over a 20-month period. Macarthur is the world's largest producer of the pulverised coal used as a low-cost input in some steelmaking blast furnaces.
-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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