PEAMCoal’s Macarthur deal to close Oct. 28

Oct 13, 2011 | 01:38 PM | Lisa Gordon

Tags  metallurgical coal, MacArthur Coal, ArcelorMittal, Peabody Energy, PEAMCoal, Aditya Mittal, Lisa Gordon

PITTSBURGH — An offer to buy all the shares of Australia-based Macarthur Coal Ltd. is expected to close Oct. 28, with the buyer urging shareholders to sell their stock.

PEAMCoal Pty Ltd., a joint venture formed by St. Louis-based Peabody Energy Corp. and Luxembourg-based ArcelorMittal SA to take over the world’s largest producer of seaborne, low-volatility pulverized coal, is offering Australian....

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