Ann: Response to Peabody's Further Proposal , page-14

re: Ann: Response to Peabody's Further Pr... This decision was taken on the best interest of the shareholder , $15 was an absolute discount and the management know the potential of this company and - GCL proposed merger was one step in that direction .
i am very happy with the management very few companies have management like we have in mcc , they (management )could have accepted the offer at $15 and could retain their hot seat with peabody but rather they feel that there is better deals in the days to come .