Two short bits about Anglo American here quickly, first the Australian news, no thanks, there is going to be no counterbid involving them on Macarthur Coal. Now their (Anglo's) partner in the counter bid, was the Citic Group, who already own nearly a quarter of Macarthur coal. So, unless Citic come back with something more compelling that the Peabody 16 Aussie Dollar a share offer, it will be all Peabody's. I am sure that the Macarthur board want Citic on their own to come back with something, they (Macarthur board) want to see a higher price. But not to be too greedy, and both parties walking away.
And then another piece of news, with both BHP Billiton and Anglo American thought to be interested in the American coal producer, Walter Energy. Walter Energy jumped 21 plus percent in normal trade to nearly 91 Dollars a share, giving it a market cap of 5.68 billion US Dollars. Or, perhaps not, Anglo Not Likely to Bid for U.S. Coal Producer Walter Energy, Liberum Says according to Bloomberg. So in other words, two pieces of news about not very much. Bye-bye Macarthur, perhaps, maybe hello, Walter Energy.