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Peabody says it has FIRB approval for Macarthur Coal

Daily Telegraph Australia | August 12, 2011 | 2:04 am Energy Australia Europe Coal

PEAPODY Energy says it’s obtained approval from the Foreign Investment Review Board (FIRB) of its $15.50 per share bid for Macarthur Coal Ltd. Macarthur has advised shareholders to take no action on the offer from Peabody through its subsidiary, PEAMCoal