Australia Macarthur lets Peabody start due diligence
PERTH, April 23 |
PERTH, April 23 (Reuters) - Australian takeover target Macarthur Coal Ltd MCC.AX on Friday gave Peabody Energy (BTU.N) access to a data room for the U.S. coal miner to start due diligence for its A$4.07 billion ($3.78 billion) bid.
Peabody has until May 3 to complete its due diligence, Macarthur said in a statement. ($1=1.078 Australian Dollar) (Reporting by Fayen Wong)
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