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."
MCC Price at posting:
$16.58 Sentiment: None Disclosure: Not Held