UMWA Journal blasts Massey’s Blankenship (click here)
June 24, 2009 by Ken Ward Jr....In Don Blankenship’s world, the coal industry should hunker down behind the Appalachian mountains and do nothing but call names and make enemies. He somehow appears to think that if he can ignore the issues surrounding coal and the future of coal, or if he says enough bad things about the politicians in Washington, then they will go away and leave the coal industry alone....
The COMPANY should be prevented from changing hands. The liability belongs to Massey Energy and the lawsuit should not be made mute or invaluable. There needs to be an injunction against the sale or merger.
Massey Energy mulling bid from Alpha (click title to entry - thank you)
NEW YORK |
According to the Journal, the board has hired Perella Weinberg to advise it.
The report said that people familiar with the matter believe that Arch Coal Inc (ACI.N) and Consol Energy (CNX.N) also are interested in bidding for Massey.
Massey and Perella Weinberg declined to comment. Neither Arch, Consol nor Alpha were immediately available for comment....
...Shares of Massey closed up 11 percent, or $4.73, at $46.94 on the New York Stock Exchange.
Massey's board could consider an auction for the company or could decide not to pursue a sale, WSJ reported. In that case it could look at a recapitalization or a share buyback.According to the Journal, the board has hired Perella Weinberg to advise it.
The report said that people familiar with the matter believe that Arch Coal Inc (ACI.N) and Consol Energy (CNX.N) also are interested in bidding for Massey.
Massey and Perella Weinberg declined to comment. Neither Arch, Consol nor Alpha were immediately available for comment....
