United Airlines has restarted merger talks with Continental Airlines as it eyes the top spot as the world’s largest air carrier. The two laid much of the ground work for a deal in 2008 but decided to puruse an alliance instead. A deal could leave US Air jilted despite four months of negotiations with United but, in a further twist to the aerial saga, United has also raised the topic of a deeper three-way cooperation between the airlines.
Top Macarthur Coal shareholder CITIC Resources said it has not yet decided whether to support a A$16 a share offer from Peabody Energy valuing the Australian miner at $3.8 billion. The 22.4 percent stakeholder said it needs more information to make a final decision on the Peabody bid.
Prudential’s Asia CEO said the British insurer is under no pressure from its shareholders to cut the $35.5 billion purchase price for AIG’s Asian life insurance unit.
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In other media:
Newmont Mining Corp, the world’s second-largest gold producer, is holding preliminary talks with advisers to takeover target Australia’s Lihir Gold, The Australian Financial Review reported.
State-owned German transport group Deutsche Bahn is poised to make a 1.6 billion pound ($2.6 billion) bid for British train and bus operator Arriva, according to the Times.