RICHMOND, Virginia (
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
. Other companies, including steel giant
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
, following Monday's board meeting.
reported earlier this month that
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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