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Whitehaven Coal (WHITF.PK) sees a $5.4B bid from an Australian billionaire come in that marks a...
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Friday, July 13, 2012, 11:11 AM ETWhitehaven Coal (WHITF.PK) sees a $5.4B bid from an Australian billionaire come in that marks a lush 51% premium to Friday's closing price in Melbourne. The deal could raise the profile of the group a tad. Coal stocks (KOL +1.5%) are up for the day after recording a dismal week with Patriot Coal filing bankruptcy and more demand issues cropping up.
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