alpha acquisition of massey

  • Alpha agrees to buy Massey Energy for about $7.1 billion

    Jan 30, 2011· Alpha agrees to buy Massey Energy for about $7.1 billion. After the acquisition, Alpha will be the largest supplier of metallurgical coal, which is used in steel making, in the United States.

  • Alpha Natural Resources Wikipedia
    OverviewCorporate historyOperationsCompetitionSee also

    Alpha Natural Resources was established in 2002 by management (original CEO Michael Quillen played a major role) and First Reserve Stockholders (though it officially incorporated in November 2004). Around the same time it made its first major acquisition, The Brink's Company's Virginian coal business, for $62.9 million (Virginia is currently a significant source of primary production). Immediately after that it took over Coastal Coal Company (January 2003), followed by American Metals and Coal International's coal busi

  • Wikipedia · Text under CC-BY-SA license
  • 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.

  • Massey Energy Agrees to $8.5 Billion Alpha Acquisition

    Jan 30, 2011· Massey stockholders will receive $10 per share, along with 1.025 shares of Alpha common stock on the $69.33 closing value. Alpha stockholders will own 54% of the combined company, compared with 46

  • Alpha Natural Agrees to Buy Massey Energy for $7.1 Billion

    Jan 30, 2011· 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

  • The Logic in Refusing to Block Massey’s Sale DealBook

    Jun 03, 2011· When Alpha’s acquisition of Massey was announced, a second lawsuit was brought. In this lawsuit, Massey shareholders argued that the merger should be halted because it was a way for Massey’s directors and officers to avoid liability from the mine disaster.

  • Alpha Completes $7.1 Billion Massey Deal WSJ

    Alpha Natural Resources completed its $7.1 billion acquisition of Massey Energy, inheriting extensive reserves of high-demand coal and more than a dozen lawsuits stemming from a deadly accident

  • Alpha Nabs Massey in a Massive Coal Deal The Motley Fool

    Already a veritable gem before the transaction, Alpha Natural Resources (NYSE: ANR) has fashioned itself into a many-faceted diamond masterpiece with $7.1 billion acquisition of rival Massey

  • Alpha to Buy Massey in $7 Billion Deal The New York Times

    Jan 28, 2011· Representatives of Alpha and Massey were not immediately available for comment. News of the deal was first reported by The Wall Street Journal online. Massey was seen as an attractive acquisition because it has the largest reserves of metallurgical coal of any United States mining company. Metallurgical coal is used in making steel.

  • Alpha Nabs Massey in a Massive Coal Deal The Motley Fool

    Already a veritable gem before the transaction, Alpha Natural Resources (NYSE: ANR) has fashioned itself into a many-faceted diamond masterpiece with $7.1 billion acquisition of rival Massey

  • Why Alpha Natural Resources’ Massey Energy acquisition got

    Dec 03, 2014· 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

  • Alpha Natural (ANR) Acquires Massey Energy (MEE), Creating

    Over the weekend, Alpha Natural Resources (NYSE: ANR) announced an agreement to acquire Massey Energy (NYSE: MEE) in a deal worth $8.5 billion. Under the terms of the deal, Massey stockholders

  • W.Va. High Court Asked To Block Massey-Alpha Deal Law360

    A group of Massey Energy Co. shareholders filed a motion Wednesday with West Virginia's highest court in a last-ditch effort to block the coal giant's $7.1 billion acquisition by Alpha Natural

  • Alpha Natural Resources Acquires Massey Energy Company

    May 13, 2016· ABINGDON, Va., June 1, 2011 /PRNewswire/ -- Alpha Natural Resources, Inc. (NYSE: ANR) announced today that it has completed its acquisition of Massey Energy Company, creating a

  • Alpha Natural Resources: Corporate Rap Sheet Corporate

    Alpha Natural Resources. by Philip Mattera. Alpha Natural Resources is the non-descript name of a leading U.S. coal producer put together through a series of acquisitions that included two of the most controversial names in mining: Pittston Coal and Massey Energy, each of which were known for environmental disasters, deadly mine accidents and union-busting.

  • Alpha, Massey in big U.S. coal acquisition UPI

    Jan 30, 2011· Alpha, Massey in big U.S. coal acquisition ( 0 ) RICHMOND, Va., Jan. 30 (UPI) -- Alpha Natural Resources acquired rival U.S. coal-producer Massey

  • Insider Weekends: Richard Massey Acquires Seeking Alpha

    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

  • Shareholders Approve Massey Energy Sale to Alpha

    Jun 02, 2011· Shareholders approved Alpha Natural Resources’ $7.1 billion purchase of Massey Energy on Wednesday, creating the nation’s largest metallurgical coal

  • Massey Energy Wikipedia

    More than 99% of Massey shareholders and 98% of Alpha shareholders voted in favor of the acquisition and courts in Delaware and West Virginia agreed with the shareholders' vote. History. A.T. Massey incorporated the A.T. Massey Coal Company in 1920 as a coal brokering business in

  • Alpha Natural, Massey Deal Said To Be Imminent benzinga

    Jan 29, 2011· Alpha Natural is already the biggest U.S. metallurgical coal producer, but soaring demand for the coal used to make steel by China and India has sent prices soaring, making the acquisition of

  • Alpha Natural Resources Posts Loss WSJ

    Alpha Natural Resources swung to a loss on costs for its acquisition of Massey Energy, but its revenue jumped on stronger demand and pricing for coal used in steel making.

  • Alpha Natural Resources in $8.5 Billion Acquisition of

    Cleary Gottlieb is currently representing Alpha Natural Resources, Inc. in its $8.5 billion acquisition of Massey Energy Company. Under the terms of the agreement, Massey stockholders will receive, at the closing, 1.025 shares of Alpha common stock and $10.00 in cash for each share of Massey

  • Massey Energy Wikipedia

    More than 99% of Massey shareholders and 98% of Alpha shareholders voted in favor of the acquisition and courts in Delaware and West Virginia agreed with the shareholders' vote. History. A.T. Massey incorporated the A.T. Massey Coal Company in 1920 as a coal brokering business in

  • Alpha Natural, Massey Deal Said To Be Imminent benzinga

    Jan 29, 2011· Virginia-based Alpha Natural, which had been widely viewed as the leading contender for its in-state rival, will use the acquisition to bolster its dominance of the U.S. metallurgical coal market.

  • Alpha Natural Resources Posts Loss WSJ

    Alpha Natural Resources swung to a loss on costs for its acquisition of Massey Energy, but its revenue jumped on stronger demand and pricing for coal used in steel making.

  • Alpha Natural Resources in $8.5 Billion Acquisition of

    Cleary Gottlieb is currently representing Alpha Natural Resources, Inc. in its $8.5 billion acquisition of Massey Energy Company. Under the terms of the agreement, Massey stockholders will receive, at the closing, 1.025 shares of Alpha common stock and $10.00 in cash for each share of Massey

  • Alpha's takeover of Massey moves ahead MiningMonthly

    A FEDERALLY mandated waiting period on Alpha Natural Resources' pending acquisition of Massey Energy Coal has expired, giving the deal the needed antitrust clearance...

  • Alpha Natural Resources files for Chapter 11 MarketWatch

    Aug 03, 2015· The Bristol, Va., company filed for chapter 11 protection in U.S. Bankruptcy Court in Richmond, Va., brought down by plummeting coal prices and high debt from its 2011 acquisition of Massey

  • Massey Energy Derivative Litigation Compass Lexecon

    Massey Energy Derivative Litigation May 31, 2011 Plaintiffs in this case sought to enjoin the acquisition of Massey Energy by Alpha Natural Resources, alleging that the Massey’s Board had failed to secure the best possible price in order to extinguish their potential liability from derivative claims arising from the tragic accident at the

  • Judge Says Alpha Must Cover Legal Costs for Ex-CEO Blankenship

    May 29, 2015· Lawyers for Alpha at Cleary Gottlieb Steen & Hamilton LLP, the firm that represented Alpha in its acquisition of Massey, argued that the company was required to pay only if Blankenship

  • Alpha, Massey Deal Creates 2nd Largest US Coal Miner

    Jan 30, 2011· Alpha Natural Resources said Saturday it agreed to a $7.1 billion deal to buy Massey Energy Co., which was rocked by a deadly coal mining accident last year. The deal — the latest in a wave of consolidation sweeping the industry — creates the second largest U.S. coal miner by market value, holding 110 mines and combined coal reserves of 5

  • 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 America's third-largest coal producer, with production capacity of nearly 126 million tons of steam and metallurgical coal. Steam coal is primarily purchased by large

  • Alpha Slumps as Profit Misses Estimates on Massey Takeover

    Aug 04, 2011· Alpha Natural Resources Inc., which bought Massey Energy Co. for $7.1 billion in June, slumped to the lowest price in almost 14 months after missing analyst estimates and saying the acquired

  • Why Alpha Natural Resources’ Massey Energy acquisition got

    Dec 04, 2014· Massey Energy acquisition. In June 2011, Alpha Natural Resources (ANR) completed its $7.1 billion acquisition of Massey Energy. Massey Energy was a large Appalachian coal producer with reserves of

  • Massey Shareholders Challenge $7.1B Alpha Merger Law360

    A group of Massey Energy Co. shareholders is challenging Alpha Natural Resources Inc.’s proposed $7.1 billion acquisition of the coal giant, saying the deal was fashioned largely to avoid

  • NON-PROSECUTION AGREEMENT

    factors: (a) Alpha’s acquisition of Massey on June 1, 2011, over one year after the explosion at UBB; (b) Alpha’s investigation and extensive cooperation with the Government since June 1, 2011, including but not limited to Alpha’s voluntary and timely reporting of relevant