Shares of Massey Energy (MEE +3.8%) jump on renewed speculation that Cliffs Natural Resources...

|By:, SA News Editor

Shares of Massey Energy (MEE +3.8%) jump on renewed speculation that Cliffs Natural Resources (CLF +1.6%) may want to bid for the company (earlier). Massey would surely command $2.50/ton of coal for its 2.8B tons in reserve, according to a Stifel Nicolaus analysis, implying a $6.32B bid - or $62/share - for Massey.