VIDEO: Peabody, ArcelorMittal go hostile for Macarthur - The Deal Pipeline (SAMPLE CONTENT: NEED AN ID?)
Subscriber Content Preview | Request a free trialSearch  
  Go

Video

Share  |  Reprint

VIDEO: Peabody, ArcelorMittal go hostile for Macarthur

Published August 1, 2011 at 1:11 PM

Peabody Energy Corp. and ArcelorMittal went hostile on Monday with their takeover bid for Australia's Macarthur Coal Ltd., taking their sweetened A$4.7 billion ($5.1 billion) offer directly to shareholders. The hostile bid may point to "the start of a super cycle of M&A that's going to be fed by obvious demand from Chinese and Indian steelmakers in particular," says Scott Sonnenblick, a partner at law firm Linklaters, in this video interview with The Deal Pipeline. For more on Peabody Energy and ArcelorMittal's latest moves, read "Peabody, ArcelorMittal launch hostile Macarthur bid," and for more on a possible competing offer, read "Citic could make a move on Macarthur." - Sarah Hashim-Waris

Share:

Meet the journalists



Movers & Shakers

Launch Movers and shakers slideshow

It's time to take out the revolving doors and replace them with moving sidewalks as yet another top government official and Wall Street critic joins the private sector. For other updates launch today's Movers & shakers slideshow.

Video

Emerson unveils network power business spin-off plans

The industrial conglomerate plans to spin off its network power business as part of a plan to streamline its portfolio and drive growth. More video

Sectors