Macarthur Coal Ltd. (MCC.AU) said Friday it has granted Peabody Energy Corp. (BTU) access to a data room to conduct due diligence after the U.S. coal group's sweetened A$4.07 billion takeover offer.

Peabody has until May 3 to carry out its due diligence review of the company and its metallurgical coal mines in Queensland state, Macarthur Coal said in a statement.

Macarthur said it remains bound by the restrictions contained in the implementation agreement for its planned bid for Gloucester Coal Ltd. (GCL.AU), despite that deal looking to be dead after shareholders in Gloucester's majority owner Noble Group Ltd. (N21.SG) voted against the transaction.

-By Alex Wilson, Dow Jones Newswires: 613-9292-2094; alex.wilson@dowjones.com
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