Walter Energy and Western Coal Complete Plan of Arrangement

Walter Energy Inc. (NYSE:WLT) announced that its acquisition of Western Coal (TSX:WTN,AIM:WTN) is now complete.

The press release is quoted as saying:

Pursuant to the arrangement, Walter indirectly acquired each outstanding Western common share not already owned by it in exchange for CDN$11.50 in cash or 0.114 of a Walter common share, all subject to pro-ration as described below and in Western’s management proxy circular dated February 2, 2011.

To read the full press release, click here.