Business | NDTV Correspondent | Saturday November 26, 2011
ArcelorMittal and Peabody Energy today jointly launched a hostile bid for Australian firm Macarthur Coal, after the target company refused to accept their AUD 4.7 billion (USD 5.3 billion) takeover bid.
The Peabody-ArcelorMittal combine has offered a bid of AUD 15.50 per share plus a dividend of 16 cents per share, following the ...
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