stakeholder
China based Citic Group, the largest stakeholder of Macarthur Coal (MCC), has finally put the brakes on the $3.8 billion worth of Macarthur takeover bid submitted by US based Peabody Energy. Macarthur board turned down the offer after discussing the proposal with its key investors. The move led to a massive 15.75 percent drop to the miner’s share price which wiped off as much as $500 million from its capitalisation.
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Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
- BHP Billiton
- Westpac Banking Corporation (WBC)
- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
- Telstra (TLS)
- ANZ
- News Corporation (NWS)
- Woolworths Limited(WOW)
- Woodside Petroleum Limited (WPL)
- Rio Tinto
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- QBE Insurance
- CSL
- Newcrest Mining Limited (NCM)
- Origin Energy Limited (ORG)
- Santos Limited (STO)
- AMP Limited (AMP)
- Macquarie Group (MQG)
- Foster’s Group Limited (FGL)
