Industrial Metals & Minerals Industry Becomes a Hotbed of M&A Speculation
26 Oktober 2010 - 5:25PM
Marketwired
In recent months the Industrial Metals & Minerals Industry has
become a hotbed of Merger and Acquisition activity. As companies
get larger and experience diminishing returns in their core
business, they are showing their willingness to utilize their large
resource pools to acquire smaller companies in a race to diversify
themselves. Given the limited opportunities for meaningful
acquisitions, the companies in stronger financial positions, and
the willingness to act, stand to gain the most from such
activities. The Bedford Report examines the outlook for companies
in the Industrial Metals & Minerals Industry and provides
research reports on Massey Energy Co. (NYSE: MEE) and Patriot Coal
Corporation (NYSE: PCX). Access to the full company reports can be
found at:
www.bedfordreport.com/2010-10-MEE
www.bedfordreport.com/2010-10-PCX
Last week, The Wall Street Journal reported in an article that
the board of directors of Massey Energy formed a committee to
consider options for the company, which could include sale of the
firm or remaining independent. This week, Stifel Nicolaus & Co.
analyst Paul Massoud speculated that the coal miner could draw a
price of $62 a share in a hypothetical offer by Cliffs Natural
Resources Inc. Massoud believes Cliffs would be interested to
expand in central Appalachian coal development, and has said it
would "consider opportunities."
The Bedford Report releases regular market updates on the
Industrial Metals & Minerals Industry so investors can stay
ahead of the crowd and make the best investment decisions to
maximize their returns. Take a few minutes to register with us for
free at www.bedfordreport.com and get exclusive access to our
numerous analyst reports and industry newsletters.
The Wall Street Journal report also mentioned that an
acquisition of another company could be another option for Massey.
Way back in March, there was speculation that Patriot Coal could be
acquired by Massey Energy, but those rumours died down in April
after a tragic mine blast at Massey Energy's Upper Big Branch Mine
in West Virginia killed 29 miners.
The Bedford Report provides Analyst Research focused on equities
that offer growth opportunities, value, and strong potential
return. We strive to provide the most up-to-date market activities.
We constantly create research reports and newsletters for our
members. The Bedford Report has not been compensated by any of the
above mentioned publicly traded companies. The Bedford Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
disclaimer at http://www.bedfordreport.com/disclaimer
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: The Bedford Report Email Contact
Patriot Coal Corp. (NYSE:PCX)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Patriot Coal Corp. (NYSE:PCX)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
Echtzeit-Nachrichten über Patriot Coal Corp. (New York Börse): 0 Nachrichtenartikel
Weitere The Bedford Report News-Artikel