NYSE:WLT - Post Discussion
Post by
m1chel on Oct 14, 2011 12:29am
The Rumour Source -- Market gossip -- Powerful stu
From https://www.independent.co.uk/news/business/sharewatch/market-report-miners-step-back-into-the-takeover-spotlight-2369612.html
Market Report: Miners step back into the takeover spotlight
With the top-tier index reaching its highest level for over two months, the miners led the way as market gossips reheated speculation they could be considering potential acquisitions across the Atlantic. Anglo American and BHP Billiton were both once again the subject of vague talk they may be interested in a move for US coal producer Walter Energy, with the rumours suggesting competition could come from the Brazilian companies Vale and CSN.
A number of deals, plus the global fall in mining stocks, has resulted in a rush of recent bid chatter around the coking-coal industry, and a lot of it focused on Walter, whose share price has been cut in half since April.
Although the names mentioned in the latest whispers have been linked with a possible approach before, this time there was also vague speculation that JP Morgan and Goldman Sachs may have been called in as advisers to potential bidders.
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