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

KeyBanc Capital Markets Inc. brought in Anne-Marie Peterson as a managing director in its leveraged finance group to work with middle market private equity firms. For other updates launch today's Movers & shakers slideshow.

Video

Public PE firms on the rebound

The shares prices of publicly traded private equity firms posted a disappointing performance for most of the first half of 2014; over the past month, however, the trends have flipped. More video

Sectors