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ArcelorMittal buys Macarthur Coal stake

May 20, 2008 on 10:42 pm | In Business News |

PERTH (Reuters) - ArcelorMittal , the world’s top steel maker, is in talks with Australia’s Macarthur Coal after buying a 15 percent stake in the company, setting up a possible bidding war for the A$4.4 billion (2.1 billion pound) group and pushing its shares up 14 percent.

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ArcelorMittal buys Macarthur Coal stake

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