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Coal Miner Walter’s Shares Rise on Takeover Talk
Oct. 14, 2011 04:51PM PST
Industrial Metals InvestingReuters reported that rumours Walter Energy (NYSE:WLT) could be taken over by BHP Billiton (NYSE:BHP) boosted the company’s shares.
Reuters reported that rumours Walter Energy (NYSE:WLT) could be taken over by BHP Billiton (NYSE:BHP) boosted the company’s shares.
As quoted in the market news:
A spokesman for Alabama-based Walter said the company would not comment on speculation. The company’s shares rose 12 percent on Thursday and jumped 6 percent on Friday morning before easing to close up 2.8 percent at $77.36.