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Small businesses hire fewer workers in May

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China denounces EU airline carbon law, seeks talks

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Macarthur lets Peabody start due diligence

PERTH | Thu Apr 22, 2010 10:36pm EDT

PERTH (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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