Peabody extends offer for Australia's Macarthur to October 14

SYDNEY | Sun Sep 18, 2011 7:28pm EDT

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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