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30/08/2011 - 09:55

Macarthur recommends revised joint bid

30/08/2011 - 09:55

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Macarthur Coal has advised its shareholders to accept a revised, $4.8 billion joint takeover offer by the world's largest steel maker, ArcelorMittal, and US coal miner Peabody Energy.The sweetened offer of $A16 per share compares to a previous bid of $A15.50 per share.

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