Anglo rumoured to offer $7.5bn for Walter Energy

Multi-metal mining giant Anglo American is rumoured to be considering an offer for US coking coal miner Walter Energy.

According to The Times, the FTSE 100 miner could pitch an offer price at $120 per share for Walter, a massive 60% premium to its closing share price of $74.99 on Tuesday on Wall Street. This would value the US firm at around $7.49bn.