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Peabody Energy (NYSE:BTU) and ArcelorMittal (NYSE:MT) submit a proposal to acquire Macarthur Coal. The company confirmed they have jointly submitted an indicative proposal to the board of directors of Macarthur Coal to acquire all of the shares of the company.Under the proposal, Macarthur shareholders would be offered a cash price of A$15.50 per share through an off-market takeover offer. The new company will be 60% owned by Peabody and 40% owned by ArcelorMittal.Peabody Energy has a potential upside of 34.8% based on a current price of $57.66 and an average consensus analyst price target of $77.72.
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Video Length: 0
Date Found: July 12, 2011
Date Produced: July 11, 2011
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Voxant Newsroom |
July 16, 2011
Activist Investor Carl Icahn disclosed that on July 14, he sent a letter to Donald Knauss, CEO of Clorox (NYSE:CLX) with a proposal to acquire all of the issued and outstanding shares not owned for $76.50 per share net in cash. Icahn also disclosed that his affiliates have obtained a highly ...
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Voxant Newsroom |
July 16, 2011
tonight we get reaction from the firefighters union and the mayor to public safety director darren white’s abrupt retirement today. white was dogged by questions all week about a minor crash his wife was in---and why he drove her to the hospital instead of waiting for an ambulance. eddie garcia ...
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Voxant Newsroom |
July 16, 2011
Good Morning. It’s Friday, July 15, 2011. At this hour, U.S. equity futures are higher. Overseas, the Asian markets mixed, while the European markets are down. News Corp. (NASDAQ:NWSA) announced the appointment of Tom Mockridge as CEO of News International effective immediately following the ...
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Voxant Newsroom |
July 16, 2011
This is what’s in the news for Friday, July 15th. The Wall Street Journal reports that Credit Suisse Group (NYSE:CS) is the target of a U.S. Justice Department investigation into hidden Swiss offshore accounts for wealthy Americans. The Wall Street Journal reports that the Obama Administration ...
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Voxant Newsroom |
July 15, 2011
Busy schedules shouldn’t mean a scarce social life. Teri Gault from thegrocerygame.com gives you tips on how to prep your home to be "magazine-ready" even within the shortest of time frames.
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