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Walter Energy, Inc. Common Stoc Message Board

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  • richardelarson47 richardelarson47 Sep 15, 2011 2:26 PM Flag

    Buyout price question

    The stock traded to $141 back in July. Any Offer less than that would be a "take under" and there are a lot of hedge funds who own this stock at those higher prices that would probably fight a low bid. One hedge fund valued WLT at at least $168 in July, as high as $220. It will have to be a substantial premium from today's price in order to be a good bid. $120 would be too low, given where it traded in a good market and the underlying value of their assets.

 
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