ArcelorMittal, the second largest shareholder in Macarthur Coal takeover target, has not yet decided whether she will return in terms of Australian miner to buy local coal rivals Gloucester. Macarthur said ArcelorMittal, the world’s number one steel, with the support of the refusal of two offers to buy New Hope Corp and U.S. miner Peabody Energy and its proposal to postpone a vote on the takeover of Gloucester Coal April 19.
“ArcelorMittal has not yet decided on how to vote,” Macarthur, citing the steelmaker.
Macarthur has confirmed that its third largest shareholder, POSCO has also taken no decision.
majority shareholder of Gloucester, products firm Noble Group said the three largest shareholders backed the agreement Macarthur Gloucester, under which Noble would receive a stake of nearly one quarter in Macarthur.
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