IMO DD should take around 2 weeks bearing in mind that last year Peabody did DD which took around 11 days or so as indicated by this ann.:-
MACARTHUR COAL LIMITED (ASX: MCC) UPDATE ON PEABODY DUE DILIGENCE 4 May 2010 The Board of Macarthur confirms advice received from Peabody Energy Corporation ("Peabody") that Peabody has completed its review of the due diligence materials provided by Macarthur. This due diligence involved Macarthur making approximately 390 documents available to Peabody over a period of 11 calendar days / 5 business days. Peabody has advised of a number of matters where it would like further information or clarification.
ANZ
MCC Price at posting:
$15.48 Sentiment: Hold Disclosure: Held