trading halt - takeover offer!!, page-6

Peabody has indicated that disclosure of the Indicative Proposal without its consent could diminish Peabody?s interest in pursuing a transaction. The Macarthur Board are of the view, particularly in light of the heightened disclosure obligations arising from the current takeover bid for Gloucester, and Peabody?s indication that it has already contacted Macarthur?s three major shareholders, that all shareholders ought to know of the possible offer and the value ascribed to their shares by others before trading today.


I reckon the ASIC/ASX should have a go at Peabody for trying to pull this off. MCC are right in refusing this demand from Peabody.