SOURCE: The Bedford Report

The Bedford Report

November 19, 2010 11:25 ET

Acquisition Spotlight Shines on Western Coal Corp. & James River Coal

The Bedford Report Provides Analyst Research on Western Coal Corp. & James River Coal

NEW YORK, NY--(Marketwire - November 19, 2010) -  In the past month several companies in the coal market have become the subject of Merger and Acquisition speculation. As companies get larger and experience diminishing returns in their core business, they are showing their willingness to utilize their large resource pools to acquire smaller companies in a race to diversify themselves. Given the limited opportunities for meaningful acquisitions, the companies in stronger financial positions, and the willingness to act, stand to gain the most from such activities. The Bedford Report examines the outlook for companies in the surging coal market and provides research reports on Western Coal Corporation (TSX: WTN) and James River Coal Co. (NASDAQ: JRCC). Access to the full company reports can be found at:

Earlier this week an official with the China's coal association said the country's demand for coal will continue to increase in the next five years and is expected to reach 3.8 billion tonnes in 2015. The surprising surge in coal demand has sent coal prices up to two year highs and brought upon a wave M&A speculation.

Shares of Canada-based Western Coal Corporation have skyrocketed in the past week after Walter Energy offered to buy the company for $3.2 billion. If deal talks are successful, Brean Murray Carret & Co analysts say that the combined firm will be one of the world's biggest providers of metallurgical coal. Walter Energy expressed interest in increasing its access to coal as the company has forecast over 50 percent growth in global steel output in the next decade, boosting consumption of coking coal.

The Bedford Report releases regular market updates on the Coal Market so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at and get exclusive access to our numerous analyst reports and industry newsletters.

Another, though unsubstantiated, rumor that surfaced last week was that Peabody Energy was considering buying James River Coal.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at

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