Report: Massey Energy considering sale

Posted by Shawn Maclauchlan

RICHMOND, VA (WWBT) - Shares for Massey Energy rose nearly 10 percent at one point during trading Tuesday, after reports the Virginia-based company is considering a sale.

The Wall Street Journal revealed options could include selling to another coal miner or a private-equity firm, buying another company, or remaining independent.

The journal says Massey could release more on its findings by mid-November.

Last spring, an explosion at a Massey mine in West Virginia killed 29 miners.

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