11:57 AM EST - Western Coal Corp. : and Walter Energy announced today that they have entered into an arrangement agreement for Walter Energy to acquire all of the outstanding common shares of Western Coal for $11.50 per share in cash or 0.114 of a Walter Energy share, or for a combination thereof, all subject to proration. The transaction represents a total enterprise value of $3.3 billion, net of cash on the balance sheet for Western Coal. The Agreement follows announcements on Nov. 18 by Walter Energy and Western Coal that they had begun exclusive negotiations regarding the potential business combination. Western Coal Corp.
shares T.WTN are trading up $1.14 at $11.44.
