Market Overview

Westmoreland Coal To Acquire Wyoming Coal Mine From Chevron

Westmoreland Coal Co (NYSE: WLB) announced its plans to buy a Wyoming coal mine from a Chevron Corp (NYSE: CVX) unit for around $74 million in cash. It will also assume roughly $118 million in liabilities.

The deal has been approved by Westmoreland's board. The transaction is likely to close by the end of January.

WLB shares gained 5.09% to $13.00 at 10:45 am.

Posted-In: merger and acquisitionNews M&A

 

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