Technology Slice Blog

Walter Energy To Buy Western Coal - Walter Energy Inc., a southern Appalachia producer of steelmaking coal, is the “best match” for Canada’s Western Coal Corp., according to Julian Treger, managing partner of Audley Capital Advisors LLP. Treger spoke in a phone interview from London. “There were several interested parties; some were coal, some were steel producers. They were very close and very keen to make a bid. They didn’t publicly make a competitive bid. Walter is the best match because there were a lot of synergies, geographically in terms of customers and management. “It’s likely the other shareholders will follow in accepting Walter’s offer in due course. In the absence of another alternative, I don’t see why they wouldn’t approve. “It will be very accretive to Walter earnings and its shares will reflect that. And Western shareholders can capture benefits by owning Walter shares. I expect every Western shareholder, including us, will opt for the Walter shares because the ...