Ross Says It `Was Time to Harvest' ICG Investment

May. 2, 2011 - May 2 (Bloomberg) -- Billionaire investor Wilbur Ross, chairman and chief executive officer of WL Ross & Co., talks about the outlook for the U.S. economy and the sale of International Coal Group Inc. to Arch Coal Inc. for $14.60 a share in an all-cash transaction valued at $3.4 billion. Ross speaks with Bloomberg Television special correspondent Willow Bay at the Milken Conference in Los Angeles. (Source: Bloomberg) (/Bloomberg) Correction: Clarification:

 

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