Alpha Natural Bids For Massey Energy (MEE, ANR)

Alpha Natural Resources ANR has offered to buy Massey Energy MEE according to the Wall Street Journal, which cited members of Massey Energy's board. ArcelorMittal MT had also expressed interest in Massey, bu ultimately decided not to bid on the company. The company is still weighing its options and "are not near a decision point" about whether to sell the company or acquire another business, Bobby Inman, Massey's chairman, told the paper. Shares of ANR are up 38 cents in pre-market trading to $53.99, while MEE is up $1.08 to $52.89, a gain of slightly over 2% in pre-market trading.