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Macarthur Coal says receives takeover offer

Sun Apr 20, 2008 8:18pm EDT
 
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SYDNEY, April 21 (Reuters) - Australian coal producer Macarthur Coal Ltd (MCC.AX: Quote, Profile, Research, Stock Buzz) said on Monday it has received a takeover offer from a third party.

Macarthur, which has a market capitalisation of about A$2.8 billion ($2.6 billion) said no formal written offer has been made and the talks with the unidentified third party remain incomplete. ($1=A$1.07) (Reporting by Denny Thomas;)

 

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