egolinews.com

MacArthur Coal Limited (MCC), itself in the process of a takeover of Gloucester Coal Limited (GCL), this morning entered a trading halt as the coal miner received interest from a third party bidder.

Reports have already surfaced suggesting the world's largest private-sector coal company Peabody Energy Corp. made the offer.

In an ASX statement the coal miner said it had requested a halt "pending the release to the market of an announcement regarding an approach by a third party for a controlling interest".

Macarthur Coal shares are expected to remain in a trading halt until after Easter.

Filed under:
Energy, News and Views by egoli