- 24/7 Wall St.•7 months ago
Bankrupt coal miners Alpha Natural Resources Inc. (NYSE: ANR) and Walter Energy Inc. (NYSE: WLT) are both scheduled to hold auctions in the coming week as they try to raise capital by selling assets. If ...
- American City Business Journals•8 months ago
Thousands of workers will soon receive retirement benefits in the wake of Walter Energy's bankruptcy. Pension Benefit Guarantee Corp. – a federal agency – announced in a press release that it will pay retirement benefits for more than 2,700 current and future retirees of Walter Energy. The agency will step in as the company plans to sell the majority of its assets in bankruptcy proceedings and potential buyers of the assets have acknowledged they will not assume the pension plan.
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