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Macarthur bid gets FIRB approval

PEABODY Energy and ArcelorMittal have received the green light from Australia's Foreign Investmen...

MiningNews.Net

Peabody and ArcelorMittal formed a new company, PEAMCoal, which offered $15.50 per Macarthur Coal share plus a final 16c dividend. The takeover offer was conditional on, among other things, FIRB approval....

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