Massey Eyeing International Coal: Report
RICHMOND, Virginia (
) --
Massey Energy
(MEE)
is exploring options ranging from a sale of the company to a takeover of
International Coal Group
(ICO)
,
Bloomberg
reports.
Talks with International Coal, which started this summer, picked up again following an announcement in early December that Massey CEO Don Blankenship would retire Dec. 31, said three people with knowledge of the matter,
Bloomberg
reports.
The CEO's departure also has renewed interest from
ArcelorMittal
(MT) - Get Report
, the people said.
Alpha Natural Resources
(ANR)
also remains interested in acquiring Massey and is one of the options being considered by the board, the people said. At least two other coal-mining companies are taking a look at Massey, said the people,
Bloomberg
reports.
-- Written by Joseph Woelfel
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Joseph Woelfel
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