International Coal’s shares rise on takeover talk

Bloomberg.com reports that International Coal Group’s (NYSE:ICO) shares were trading up, after reports that Massey Energy (NYSE:MEE) might be buying it.

The story is quoted as saying:

Bloomberg, citing three anonymous sources with knowledge of the matter, reported early Friday that Massey is studying options that include a takeover of International Coal. Talks with International Coal first started in the summer and began again after the Dec. 3 announcement that Massey CEO Don Blankenship will retire at the end of the year, Bloomberg reported.

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