Western Coal Surges on Walter’s C$3.3 Billion Offer

Bloomberg.com reports that Western Coal (TSX:WTN) shot up 51% after Walter Energy’s (NYSE:WLT) offer to purchase the company.

The story is quoted as saying:

Western Coal rose C$3.34, or 45 percent, to C$10.72 at 2:52 p.m. in Toronto, after earlier touching C$11.15. Walter fell 36 cents, or 0.4 percent, to $95.07 in New York Stock Exchange composite trading.

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