Shares of Massey Energy were up nearly 10% in pre-market trading Tuesday morning. According to the Wall Street Journal, the large coal company may be up for sale.
Last week, the board had formed a committee to discuss the future of the company and a possible sale of the company was said to have been discussed. Potential buyers for the company could include a sale to another coal-mining company or a private-equity ifrm.
Massey Energy Company is a coal producer in the United States.
