Trading in Macarthur Coal has been suspended at the request of the company, which has been approached by a third party regarding a possible takeover.
The halt will last until April 6, or until an announcement is made to the market.
Yesterday Macarthur, (the world’s largest producer of low volatile pulverized injection coal for steel making) confirmed its full year sales forecast, which was unaffected despite fears of the potential impact Cyclone Ului threatened on its Dalrymple Bay shipments.
ASX Code: MCC
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