Walter Energy (WLT) Higher On Takeover Speculation
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Shares of Walter Energy, Inc. (NYSE: WLT) are moving in higher pre-open trading on reports from the London Times, that Anglo American (OTC: AAUKY) is considering a $120/share bid for the company. BHP (NYSE: BHP) is also said to be interested.
While the report is boosting the stock of Walter Energy 10%, Liberum Capital said a bid from Anglo American is unlikely.
While the report is boosting the stock of Walter Energy 10%, Liberum Capital said a bid from Anglo American is unlikely.
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