MELBOURNE, April 6 (Reuters) - Takeover target Macarthur Coal plans to release an announcement regarding its suitor Peabody Energy's interest in the company, it said on Tuesday, as it requested a trading halt of its shares.
Macarthur last week rejected a A$3.3 billion takeover offer from Peabody and said its shareholders would go ahead with a vote on April 12 on a rival plan for it to take over Gloucester Coal and issue Macarthur shares to Singapore-listed commodities trader Noble Group.
Gloucester was also on a trading halt, pending an announcement from Noble.
(Reporting by Sonali Paul; editing by Balazs Koranyi)
((sonali.paul@thomsonreuters.com; +61 3 9286 1419; Reuters Messaging: sonali.paul.reuters.com@reuters.net)) Keywords: MACARTHUR PEABODY/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Macarthur last week rejected a A$3.3 billion takeover offer from Peabody and said its shareholders would go ahead with a vote on April 12 on a rival plan for it to take over Gloucester Coal and issue Macarthur shares to Singapore-listed commodities trader Noble Group.
Gloucester was also on a trading halt, pending an announcement from Noble.
(Reporting by Sonali Paul; editing by Balazs Koranyi)
((sonali.paul@thomsonreuters.com; +61 3 9286 1419; Reuters Messaging: sonali.paul.reuters.com@reuters.net)) Keywords: MACARTHUR PEABODY/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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