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Tuesday, 24 May 2016

Peabody's $5 bln coal bid re-run has better chance

After burn

The U.S. energy firm's replay of last year's failed bid for Macarthur, the Aussie coal producer, is no more generous even though coal prices have risen. Peabody may have to sweeten the terms, but with key shareholder ArcelorMittal on side, the prize is in its sight.

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