MCC 0.00% $16.01 macarthur coal limited

further bids of between $16 and $20 expected, page-4

  1. 1,943 Posts.
    POSCO denies Macarthur-Gloucester merger support.
    Mon , Apr 12, 2010

    SEOUL, April 12 (Reuters) - South Korean steelmaker POSCO , one of three major shareholders of Australian miner Macarthur Coal , denied on Monday it supported a merger between Macarthur and Gloucester Coal.
    "We have made no decision yet," said POSCO spokesman Choi Doo-jin by telephone, referring to the proposed deal.
    He added that Noble Group's announcement that Macarthur's top three shareholders supported the Gloucester-Macarthur merger was "incorrect."

 
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