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Walter Energy gets more time to negotiate takeover deal with Western Coal
Dec. 02, 2010 10:58AM PST
Industrial MetalsThe Winnipeg Free Press.com reports that Western Coal (TSE:WTN) has extended the time for conversations with Walter Energy(NYSE:WLT) to further negiotiate a takeover deal.
The Winnipeg Free Press.com reports that Western Coal (TSX:WTN) has extended the time for conversations with Walter Energy(NYSE:WLT) to further negiotiate a takeover deal.
The story is quoted as saying:
The announcement came as Walter Energy signed a $630-million deal to buy 54.5 million common shares of Western Coal, or about 19.8 per cent of the total, from Audley Capital, Western Coal’s largest shareholder.
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