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BHP Has No Interest in Acquiring Walter Energy

BHP Has No Interest in Acquiring Walter Energy

A source told Benzinga on Thursday that BHP Billiton (NYSE: BHP) has no interest in acquiring Walter Energy (NYSE: WLT).

Walter Energy shares traded higher early on Thursday, up as much as six percent. The Daily Mail reported that BHP was readying a $55 per share offer for Walter Energy.

The rumor should come as no surprise, as Walter Energy has been seen as a takeover target for months. Even famed investor Warren Buffett was once said to have been interested in the company.

Back in May, The Telegraph reported an identical rumor, alledging that BHP was going to acquire Walter Energy.

Shares of Walter Energy traded near $33.45 on Thursday, up over five percent.

Posted-In: Warren BuffettNews Rumors M&A Intraday Update Movers Trading Ideas Best of Benzinga


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