Macarthur Receives $5B Offer From Peabody, ArcelorMittal

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.