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Macarthur dumps Donaldson

MACARTHUR Coal will not go ahead with the acquisition of Donaldson Coal but has firmed up details of its takeover of Gloucester Coal and Middlemount.

Angie Tomlinson
Macarthur dumps Donaldson

Macarthur announced just before Christmas it intended to acquire 100% of Gloucester Coal in an off-market takeover with an all-scrip offer and cash alternative. The deal is worth $A175 million cash...

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