Alpha completes Massey acquisition - Reuters
Jun 01, 2011 · Coal miner Alpha Natural Resources completed its acquisition of rival Massey Energy on Wednesday, even as Massey was cited for more safety violations at one of its mines.
Alpha Natural Resources - Wikipedia
On January 31, 2011 Alpha Natural Resources acquired coal producer Massey Energy for US$7.1 billion, completed in June 2011, creating the second biggest coal miner by market capitalization. The merged company (54% owned by Alpha Natural Resources) would be the leading producer of metallurgical coal in the US and have the second largest reserves of coal (5.1 billion tons). [9]
Alpha agrees to buy Massey Energy for about $7.1 billion ...
Jan 30, 2011 · NEW YORK/CHICAGO (Reuters) - Alpha Natural Resources said on Saturday it agreed to a $7.1 billion deal to buy Massey Energy Co, which …
Alpha Natural Resources: Corporate Rap Sheet | Corporate ...
Prior to the Alpha acquisition, Massey CEO Don Blankenship made statements questioning the reality of global warming and spoke out against climate legislation being considered by Congress. Alpha executives have been evasive about their position on climate issues, but in 2014 the company cited EPA regulations on carbon emissions as one of the reasons it might have to lay off more than 1,000 workers.
Why Alpha Natural Resources’ Massey Energy acquisition got ...
In June 2011, Alpha Natural Resources completed its $7.1 billion acquisition of Massey Energy. Massey Energy was a large Appalachian coal producer with reserves of around 2.4 billion tons.
Insider Weekends: Richard Massey Acquires 10,000 Shares Of ...
Oct 15, 2019 · Director Richard N. Massey acquired 10,000 shares of this diversified holding company, paying $27.53 per share for a total amount of $275,322. Mr. Massey increased his …
In a Must-Read Opinion, Delaware Court Rejects Bid to ...
Jun 02, 2011 · According to news reports, on June 1, 2011, Alpha Natural Resources completed its $7.1 billion acquisition of Massey Energy Company. The deal went forward despite last minute efforts by groups of Massey shareholders proceeding in West Virginia and Delaware courts to try to enjoin the transaction on the grounds that the merger did not properly value the pending derivative claims against the company’s board, resulting in Alpha being able to acquire Massey …
Massey Energy Agrees to $8.5 Billion Alpha Acquisition
Jan 30, 2011 · Massey Energy Agrees to $8.5 Billion Alpha Acquisition. The deal is will also combine the companies metallurgical coal businesses to form one of the largest suppliers of coal for industrial, manufacturing and steel demand in the world.
Alpha Natural Resources and Massey Energy Agree to $8.5 ...
Jan 29, 2011 · Based on the closing share price of Alpha common stock as of January 28, 2011, the agreement placed a value of $69.33 per share of Massey …
Alpha Natural Agrees to Buy Massey Energy for $7.1 Billion ...
Jan 30, 2011 · Alpha Natural Agrees to Buy Massey Energy for $7.1 Billion. Alpha Natural Resources Inc., the third-biggest U.S. coal producer, agreed to buy Massey Energy Co. for about $7.1 billion in cash and stock, gaining the largest coal company in the U.S. Central Appalachian region. To continue reading this article you must be a Bloomberg Professional Service Subscriber.
Alpha Reaches Deal to Buy Massey - WSJ
Alpha Reaches Deal to Buy Massey. Massey, the nations fourth-largest coal producer by revenue, operates the Upper Big Branch mine in West Virginia where 29 men were killed in an explosion last spring. It operates 19 mining complexes in Virginia, West Virginia and Kentucky. The Virginia-based company has struggled with two money-losing quarters since last springs explosion.
Massey Energy - Wikipedia
In January 2011, it was announced that Massey Energy company would be bought by competitor Alpha Natural Resources for $7.1 billion. More than 99% of Massey shareholders and 98% of Alpha shareholders voted in favor of the acquisition and courts in Delaware and West Virginia [11] agreed with the shareholders vote.
Alpha Completes $7.1 Billion Massey Deal - WSJ
Alphas $7.1 Billion Massey Deal Creates Coal Giant Amid Suits. Alpha Natural Resources Inc. completed its $7.1 billion acquisition of Massey Energy Co., inheriting extensive reserves of high-demand coal and more than a dozen lawsuits stemming from a deadly mining accident last year. The purchase was approved by 98% of Alpha shares cast and 99.5%...
NON-PROSECUTION AGREEMENT - Justice
This Non-Prosecution Agreement (the “Agreement”), dated December 6, 2011, is entered into by the United States Attorney’s Office for the Southern District of West Virginia (the “Office”), the United States Department of Justice (“DOJ”), Alpha Natural Resources, Inc. (“Alpha”), and Alpha Appalachia Holdings, Inc., formerly known as Massey Energy ...
Gibson Dunn | M&A Report - Delaware Court of Chancery ...
Jun 01, 2015 · Alpha’s acquisition of Massey was completed in June 2011. Mr. Blankenship incurred legal expenses arising out of the government’s investigation of the 2010 mine explosion, which Massey paid. This investigation led to a 2014 criminal indictment being made against Mr. Blankenship.
Alphas Masseyve Acquisition! - Industry Leaders Magazine
Alpha is all set to acquire Massey in a cash and stock deal which is valued at a whooping $7.1 million according to their Saturday announcement and are now well on their way to become the worlds ...
Alpha to Buy Massey in $7 Billion Deal - The New York Times
Jan 28, 2011 · Alpha Natural Resources announced on Saturday that it has agreed to buy Massey Energy, the embattled coal mine operator, for about $7.1 billion in cash and stock in a deal that creates a new giant in coal production. Under the terms of the deal, Alpha will …
UPDATE 3-Alpha completes coal merger; Massey cited again ...
Jun 01, 2011 · NEW YORK, June 1 (Reuters) - Coal miner Alpha Natural Resources ANR.N completed its acquisition of rival Massey Energy MEE.N on Wednesday, even as Massey was cited for more safety violations at ...
Shareholders Approve Massey Sale to Alpha - The New York Times
Jun 02, 2011 · Shareholders approved Alpha Natural Resources’ $7.1 billion purchase of Massey Energy on Wednesday, creating the nation’s largest metallurgical coal …
Alpha Natural Resources - SourceWatch
On June 1, 2011 Alpha Natural Resources completed the acquisition of Massey Energy For details on the April 2010 Upper Big Branch Mine Disaster see the Upper Big Branch Mine Disaster article. Alpha Natural Resources (ANR) is Americas third-largest coal producer, with production capacity of nearly 126 million tons of steam and metallurgical coal.