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Walter Energy Inc.

September 11, 2011

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Anglo American PLC, which mines coal in Australia and South Africa, may be considering a $120-per-share takeover bid for Walter, a producer of steelmaking coal in southern Appalachia, according to The Times of London. Walter said it isn’t aware of any “corporate developments’’ to account for the share price increase. One analyst said Anglo isn’t likely to make an offer for the Alabama-based company mainly because Walter’s coal reserves aren’t in a suitable location for export by sea. Anglo American declined to comment.