VIDEO: Peabody, ArcelorMittal go hostile for Macarthur - The Deal Pipeline (SAMPLE CONTENT: NEED AN ID?)
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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


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