RICHMOND, Virginia (

TheStreet

) --

Massey Energy

(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)

. Other companies, including steel giant

ArcelorMittal

(MT) - Get ArcelorMittal SA ADR Report

also have expressed an interest in acquiring Massey, the

Journal

reports.

Massey directors "are not near a decision point" about whether to sell the company or acquire another business, Chairman Bobby Inman told the

TheStreet Recommends

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

(ICO)

.

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

Journal

. 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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Joseph Woelfel

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