Massey Energy Spiking On M&A Rumor (MEE, ANR)

Massey Energy Company MEE is spiking on rumors that Alpha Natural Resources ANR may be considering a bid for the company, from the Wall Street Journal. At last check, shares of MEE were up $4.92 to $47.13, a gain of over 11%. ANR shares were down $1.92 to $43.79, a loss of 4.2%.