Tag Archives: Jim Justice

National Coal shareholders approve sale to Jim Justice

100110coal3.jpg.jpgIt’s official — National Coal Corp. shareholders on Thursday approved the sale of the Knoxville-based company to West Virgina businessman and coal baron Jim Justice.

Justice, who attended the University of Tennessee and graduated from Marshall University, will pay $1 per share, a 54 percent premium over National Coal’s closing price on Sept. 27, the day the sale was announced.

Continue reading

National Coal being sold to investor

UPDATE: Links added for more news about West Virginia businessman Jim Justice.

National Coal Corp. has decided selling out is its best option.

The Knoxville-based coal company on Tuesday said it is being sold to Ranger Energy Investments LLC for $1 per share of common stock.

The proposed sale price represents a 54 percent premium on National Coal’s closing price of 65 cents per share on Monday.

Continue reading