Macarthur Coal Ltd received a takeover bid from Peabody Energy Corp BTU and ArcelorMittal MT that values Macarthur Coal at 4.7 billion Australian dollars (US$5 billion).
Macarthur will be offered A$15.50 per share, representing a 40% premium to Macarthur's Monday closing price of A$11.08 per share.
BTU shares fell 1.58% to $59.00 in pre-market trading, while MT shares dropped 2.99% to close at $33.37 in pre-market trading.
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