price behaviour, page-13

Thanks oberte for that very informative post. For me the following is one of the more important points made in the article:-

"Peabody-ArcelorMittal have formally announced a joint bid and have already lodged a bidder's statement. They will be free to start posting the offer document from next Thursday and must post it by September 1"

Whilst the article suggests that the market does not think there will a competing bid based on the trading price of MCC the indicated timing above will put some pressure on any competing bidders to come forward.

We know that Peabody is keen so I won't be surprised to see the offer mailed to holders next week.

ANZ