Walter Energy Rises on Deal Speculation
November 30, 2012 - 4:24pm
Shares of Walter Energy (NYSE: WLT) jumped on Friday on speculation that the company could be a target of BHP Billiton (NYSE: BHP). Shares of Walter climbed more than five percent and were trading near $30.04. The company has refused to comment on the market rumors, and currently there is little reason to believe the speculation. The stock, however, is attracting heavy volume with around seven million shares trading hands versus a three month daily average of 3.5 million.
Nevertheless, BHP certainly is a potential suitor for ...
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