Macarthur advises that, following further discussions with PEAMCoal, PEAMCoal has agreed to increase
its offer price from A$15.50 to A$16.00 per share (?Revised PEAMCoal Offer?). The Macarthur Board
now recommends the Revised PEAMCoal Offer, in the absence of a superior proposal.
board recommends revised offer of $16
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