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Macarthur Coal has taken one more step in its friendly takeover of Gloucester Coal, but part of the transaction with the Noble Group has been called-off.
Macarthur is buying Noble's stake in Gloucester including its interests in the Middlemount and Donaldson mines for $668.5 million.
Macarthur has filed legal documentation to buy Noble's share in the Middlemount mine completing its takeover of the acquisition, but it hasn't given any reason for the change to the Donaldson plan.
Macarthur expects the bidder's statement for Gloucester to be dispatched in early March.
