Massey Energy Agrees to $8.5 Billion Alpha Acquisition
- Monday, January 31, 2011, 0:07
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Massey Energy, the Appalachian-region coal producer that received the spotlight last year after an explosion in its Upper Big Branch coal mine in West Virginia killed 29 miners, has agreed to be acquired by Alpha Natural Resources, the largest supplier of metallurgical coal in the U.S., for $69.33 per share. The $8.5 billion merger represents a 21% premium on Massey’s closing price Friday.
http://blogs.forbes.com/heatherstruck/2011/01/30/massey-energy-agrees-to-8-5-billion-alpha-acquisition/
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