Shares of the company , the second-largest U.S. coal producer behind Peabody Energy Corp. BTU.N , were up more than 3 percent in afternoon trade .
Shares of the company , the second-largest U.S. coal producer behind Peabody Energy Corp. ( BTU ) , were up more than 3 percent at midday .
In a statement , Lee said he " no longer believes that Viacom deliberately intended to trade on my name when naming Spike TV . "