Merger Between Macarthur & Gloucester Disrupted-From now decision by Macarthur shareholders entering focus of interest

摘要

The issue of merger between Macarthur Coal Ltd. and Gloucester Coal Ltd. of Australia suddenly has been broken down. As reported before, at the shareholders meeting held on 19th by Noble Group of Hong Kong owning 87.7 percent shares of Gloucester, the subject of selling out of Gloucester to Macarthur Coal was voted down. As of end December 2009, Macarthur and Gloucester had agreed on merger of both companies. The merger had been to be implemented by acquisition of the whole shares of Gloucester by Macarthur by share exchange formula. By the scheme, the shareholders of Gloucester were to receive 0.8 4 share of Macarthur Coal per one share of Gloucester.