Thursday, December 09, 2010
The Greenbrier Owner Buying National Coal Corp.
WEST VIRGINIA....
Knoxville, Tennessee-based National Coal Corp. says its $8.6 million takeover by West Virginia businessman Jim Justice is expected to close by next Wednesday, after hareholders approved the bid by Justice’s Ranger Energy Investments on December 2nd. Justice, who purchased The Greenbrier resort in 2009 for $20.1 million, sold part of his coal holdings to Russia’s OAO Mechel for $436 million in cash and has since sold a portion of his Mechel preferred stock for more than $250 million. Justice gained a national prominence when he bought The Greenbrier, which has hosted 26 U.S. presidents and the Duke and Duchess of Windsor, among others.
Knoxville, Tennessee-based National Coal Corp. says its $8.6 million takeover by West Virginia businessman Jim Justice is expected to close by next Wednesday, after hareholders approved the bid by Justice’s Ranger Energy Investments on December 2nd. Justice, who purchased The Greenbrier resort in 2009 for $20.1 million, sold part of his coal holdings to Russia’s OAO Mechel for $436 million in cash and has since sold a portion of his Mechel preferred stock for more than $250 million. Justice gained a national prominence when he bought The Greenbrier, which has hosted 26 U.S. presidents and the Duke and Duchess of Windsor, among others.
# posted by Homer Owens @ 9:56 PM 
