Australia shares at 18-mth high, mergers lift mood

  MELBOURNE, April 7 (Reuters) - Australian shares rose 0.2 percent on Wednesday to a fresh 18-month high after commodities prices rose and merger activity in the resources sector continued to buoy sentiment. Improved prospects for the global economy and a growing sense of urgency for companies to secure access to key resources has propelled a string of deals in the local market, most recently U.S. coal firm Peabody Energy's BTU.N bid for Macarthur Coal MCC.AX [ID:nSGE636004]  

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