Interest Growing in Massey Energy (NYSE:MEE)

Massey Energy (NYSE:MEE) has attracted the interest of a couple of suitors, even though they haven't publicly stated they're interested in being acquired.

The company's shares had been under pressure after the accident at their Upper Big Branch mine, but they've largely rebounded since then.

Alpha Natural Resources (NYSE:ANR) and ArcelorMittal (NYSE:MT) have both expressed interest in Massey, although the more realistic deal would be with Arcelor, as it's uncertain that Alpha, which is only a little larger than Massey, could absorb the company or raise the necessary capital.

The board of directors of Massey are going to get together next week to decide on whether to put the company on the market.

If the company is officially put up for sale, it would probably attract more interest and bids, which could generate a bidding war, which would drive up the share price.