Peabody extends offer for Australia's Macarthur to October 14
SYDNEY |
SYDNEY (Reuters) - Peabody Energy (BTU.N) and ArcelorMittal (ISPA.AS) have extended their $5.2 billion takeover bid for Australia's Macarthur Coal MCC.AX until October 14, the companies said on Monday.
Macarthur last month accepted a sweetened A$16 ($16.5776) per share bid from Peabody and Arcelor after failing to find a rival bidder.
The bid had been due to expire on September 27.
(Reporting by Michael Smith; Editing by Balazs Koranyi)
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