International Coal Group (ICO) Stock Denies Takeover
Stock in International Coal Group (ICG) (ICO.N: Quote, Profile , Research), the owner of the Sago mine where 12 miners died last January, soared on Wednesday on takeover rumors then eased back when the company denied it was a target. ICG said it normally does not comment on rumors, but it had become aware of specific news reports of rumors of a management leveraged buyout. In morning trading on the New York Stock Exchange, ICG stock had risen more than 13 percent on the takeover buzz. But after the denial, it dropped back swiftly and in afternoon trading was up just 20 cents, or 3.98 percent, at $5.22.
Source: Reuters.comLabels: ICG, ICO, International Coal Group (ICO), Stocks
posted by Stock Administrator @ 3:32 PM
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International Coal Group (ICO) Stock Denies Takeover
Stock in International Coal Group (ICG) (ICO.N: Quote, Profile , Research), the owner of the Sago mine where 12 miners died last January, soared on Wednesday on takeover rumors then eased back when the company denied it was a target. ICG said it normally does not comment on rumors, but it had become aware of specific news reports of rumors of a management leveraged buyout. In morning trading on the New York Stock Exchange, ICG stock had risen more than 13 percent on the takeover buzz. But after the denial, it dropped back swiftly and in afternoon trading was up just 20 cents, or 3.98 percent, at $5.22.
Source: Reuters.com
Source: Reuters.com
Labels: ICG, ICO, International Coal Group (ICO), Stocks
posted by Stock Administrator @ 3:32 PM
0 Comments
