Reuters: ArcelorMittal buys $600 mln Macarthur Coal stake

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ArcelorMittal buys $600 mln Macarthur Coal stake
      

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 group and pushing its shares up 14 percent.
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