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Anglo Not Likely to Bid for U.S. Coal Producer Walter Energy, Liberum Says
Sep. 07, 2011 07:05AM PST
Industrial MetalsBloomberg reported that Anglo American (LON:AAL) is not expected to bid to acquire Walter Energy (NYSE:WLT).
Bloomberg reported that Anglo American (LON:AAL) is not expected to bid to acquire Walter Energy (NYSE:WLT).
The market news is quoted as saying:
Walter Energy has slumped 41 percent in New York trading this year amid management turmoil and disappointing earnings. Investor Audley Capital Advisors LLP said in July the southern Appalachia producer of steelmaking coal should explore a sale following Chief Executive Officer Keith Calder’s resignation after three months on the job.