Walter Energy gets more time to negotiate takeover deal with Western Coal

Industrial Metals

The 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.

To access the full story, click here. 

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