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Noble drag into a price war?

WSJ
MELBOURNE—Peabody Energy Corp. said Tuesday it is raising its takeover offer for Australian miner Macarthur Coal Ltd. to A$3.56 billion ($3.28 billion) from A$3.3 billion previously.

Peabody is now offering A$14 cash per share, up from the initial offer of A$13 …

Seems like Noble Group has to pay a very high premium to acquire this company. Definitely, it will affect their earnings if the deal went through. But will the shareholder allow?

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