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Macarthur Board OKs $5.2B Bid From Peabody, Arcelor

By Liz Hoffman (August 30, 2011, 2:07 PM EDT) -- Australian miner Macarthur Coal announced Tuesday that its board had unanimously accepted an improved takeover bid from European steel producer ArcelorMittal and U.S. coal giant Peabody Energy that values the company at AU$4.8 billion (US$5.2 billion), after a rocky two-month courtship....

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