On 11 July, MCC received a takeover offer from Peabody Energy Corp and ArcelorMittal that values MCC at $4.68 billion.
Peabody offered $15 and $16 for the company in multiple attempts over the last two years, and ArcelorMittal owns 16.07% of the company.
The board makes no recommendation in relation to the indicative proposal so far. It will seek to engage the two companies in relation to the price and terms.
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