RICHMOND, Virginia (
(MEE) is weighing more than two takeover offers, the
Wall Street Journal reports, but the coal miner has yet to start a formal auction process.
Massey's board met Monday to discuss an offer it received from
Alpha Natural Resources
(ANR - Get Report). Other companies, including steel giant
(MT - Get Report) also have expressed an interest in acquiring Massey, the
Massey directors "are not near a decision point" about whether to sell the company or acquire another business, Chairman Bobby Inman told the
Journal, following Monday's board meeting.
Bloomberg reported earlier this month that
Massey was exploring options ranging from a sale of the company to a takeover of
International Coal Group
But because of their current focus on would-be buyers, Massey officials "are not in any talks" right now with International Coal, a person familiar with the situation told the
. However, the person said Massey has received "multiple requests" from companies that want to be acquired by the coal company.
-- Written by Joseph Woelfel
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