The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1530 GMT on Friday: ** U.S. coal giant Peabody Energy Corp extended its $5 billion bid for Australia's Macarthur Coal Ltd by two weeks after failing to reach the 90 percent threshold for acceptances by its Friday deadline.** Chinese state-owned oil company Sinopec Group said on Friday it had agreed to pay $3.54 billion to Portuguese oil firm Galp Energia for a 30 percent stake in its deep-sea oil asset in Brazil.
Peabody Energy Corporation is a coal company. The Company owns majority interests in 28 coal mining operations located in the United States and Australia. Shares of BTU traded higher by 1.92% or $0.77/share to $40.80. In the past year, the shares have traded as low as $30.60 and as high as $73.95. On average, 6640020 shares of BTU exchange hands on a given day and today's volume is recorded at 1141234.
