http://www.theaustralian.com.au/business/mining-energy/macarthur-...

http://www.theaustralian.com.au/business/mining-energy/macarthur-coal-not-inclined-to-endorse-lowered-peabody-bid/story-e6frg9df-1225865076431

MACARTHUR Coal has confirmed it is "not inclined" to accept Peabody Energy's lowered takeover offer for the coal miner.
Chairman Keith De Lacy said Australia's proposed 40 per cent resource super profits tax has created uncertainty in the market.

"We are not inclined to take a discount in price based on a tax that may never be introduced," he said in an e-mailed statement.

Peabody on Monday lowered the value of its bid for Macarthur to $15 a share from $16, citing the Australian government's announcement last week of a planned 40 per cent resources super profits tax and following Peabody's due diligence of the Australian coal miner.



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