RE: Walter energy get halted Keith Calder CEO Western Coal convinced WLT to pay $11.50/sh. for Western Coal or cash plus WLT stock.
A 3 BILLION DOLLAR BUYOUT!
This was in 2011. We Western Coal shareholders made buckets of money, same with Grande Cache Coal.
Calder was appointed CEO of WLT, but resigned soon over management philosophy at WLT according to press release.
WLT bosses have nearly ruined WLT, not bankrupt, but in trouble for sure.BIG DEBT.
Poor management and poor markets for product is a recipe for disaster. Coal is not the place to be at this time IMO.