Nice post Jake , i am not sure on the voting rights of the 3...

Nice post Jake , i am not sure on the voting rights of the 3 majors but this peabody deal isnt the kind that i would vote for , i would be really happy if NHC came with a better deal as the future for mcc shareholders is better with NHC , The benefit that i see with NHC -

1. Can still retain ones share
2.combines company, will be one of the biggest in australia
3.with the increase in coal price , the sp is bound to head north .
4 Present mcc will enjoy the sound financial status within the combined company as NHC will have a windfall from sales in ARROW.
5. Finally sound financial book ==== furthur acquisition and growth on a long term basis .

And the DISADVANTAGE OF PEABODY OFFER is that we have to give up ones share when the economic outlook looks so promising .