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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Chairman Jac Nasser said that financial and economic problems continue to be felt across the world and "it's difficult to predict how and when they will be resolved but we do expect it to take considerable time".
CM
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Reeves warned against property tax shake-up – 3 ways it could backfire on first-time buyersRachel Reeves reportedly has her eye on high-end property taxes in the upcoming Budget, but there are concerns a shake-up could unintentionally hamper those trying to get on the housing ladder
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Average Brits want to retire five years before they can – who has the widest retirement gap?Brits are expecting to work for longer than ever but there are big disparities in the number of extra working years predicted. A small tweak could help close the gap
