BHP Billiton refuses to comment on bid rumour

Mining behemoth BHP Billiton could be ready to make a $55 a share cash offer for Alabama-based 'pure play' metallurgical coal producer Walter Energy, according to the Daily Mail market report.

Mining behemoth BHP Billiton could be ready to make a $55 a share cash offer for Alabama-based 'pure play' metallurgical coal producer Walter Energy, according to the Daily Mail market report.

However, when contacted BHP remained tight-lipped, a spokesperson said: "It is market speculation and not something we care to comment on."

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