The acquisition began after obtaining a relevant interest in more than 90% of the shares and all Macarthur shareholders will receive A$16.25 per share cash offer for all outstanding shares of MCC.
The offer under the takeover bid will end on 25 November 2011.
Peabody chairman and CEO Gregory Boyce said the company is pleased in acquiring 100% shares of MCC that brings clear strategic and financial benefits.
PEAMCoal is an entity indirectly owned by Peabody Energy Corporation and by ArcelorMittal.
