Simpson Reps Walter Energy In $3.3B Coal Co. Deal

Law360, New York (December 3, 2010, 1:14 PM EST) -- U.S. coal producer Walter Energy Inc. on Friday announced a deal to acquire Canada's Western Coal Corp. for CA$3.3 billion ($3.3 billion), after sitting down to exclusive negotiations in November over a possible tie-up designed to take advantage of expected growth in the global metallurgical coal markets.

Under the finalized agreement, Walter Energy will acquire all outstanding common shares of Western Coal for CA$11.50 per share in cash or 0.114 of a Walter Energy share, or some combination of the two.

The companies said the deal...
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