alpha acquisition of massey

Alpha agrees to buy Massey Energy for about $7.1 billion - ReutersJan 29, 2011 . Alpha Natural Resources said on 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. . After the acquisition, Alpha will be the largest supplier of metallurgical coal, which is used in steel making, in the United States. Alpha Chief.alpha acquisition of massey,Alpha Natural Resources Acquires Massey Energy Company .Jun 1, 2011 . 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 premier coal company in the United States and a global leader in metallurgical coal supply. In accordance with the.Shareholders Approve Massey Sale to Alpha - The New York TimesJun 1, 2011 . In the interview, Mr. Quillen did not deny that Alpha discussed the possibility of hiring Massey executives as part of the merger talks. “That doesn't mean you are going to hire all of them,” he said. “The other side is going to say 'What about my people?' That's a common occurrence in any acquisition of any.

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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.

Alpha agrees to buy Massey Energy for about $7.1 billion - Reuters

Jan 29, 2011 . Alpha Natural Resources said on 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. . After the acquisition, Alpha will be the largest supplier of metallurgical coal, which is used in steel making, in the United States. Alpha Chief.

Alpha Natural Resources acquires Massey Energy - Jan. 29, 2011

Jan 29, 2011 . Massey Energy, owner of the West ia mine that was the site of a tragic explosion killing 29 workers last year, sells out to Alpha Natural Resources for $8.5 billion.

Alpha Natural Resources and Massey Energy Agree to $8.5 Billion .

Jan 29, 2011 . ABINGDON, Va. & RICHMOND, Va.--(BUSINESS WIRE)--Alpha Natural Resources, Inc. (NYSE: ANR) (“Alpha”) and Massey Energy Company (NYSE: MEE) (“Massey”) announced today that they signed a definitive agreement under which Alpha will acquire all outstanding shares of Massey common stock,.

history - Alpha Natural Resources

In June 2011, Alpha acquired Massey Energy Company to become America's third-largest coal company and the fifth-largest coal producer in the world. The new acquisition brings together highly complementary assets, which include more than 150 mines, 40 coal preparation facilities, and one of the world's largest and.

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

Jan 29, 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 largest coal company in the U.S. Central Appalachian region. . St. Joe Minerals acquired a majority interest in 1974. Six years later, St. Joe and Royal.

2011 acquisition of Massey Energy - Wall Street Journal

Jan 31, 2011 . In the end, however, Mr. Massey, who said he no longer has a financial stake in the company and retained a voice only by virtue of his family's history and ties with board members, was overruled by investor pressure and the potential synergies and growth offered by an Alpha Natural Resources Inc.

Alpha, Contura sounding an optimistic note | News | heraldcourier

Jan 21, 2017 . In 2011, Alpha spent $7.1 billion to acquire embattled Massey Energy — once the largest coal producer in Appalachia — but the company was reeling after a 2010 explosion killed 29 miners at one of its facilities in West ia. Massey was hit with more than $10.8 million in fines from the Mine Safety and.


May 14, 2015 . Holdings, Inc. (“Massey”). Blankenship held those positions when there was a tragic explosion at a Massey subsidiary's coal mine in West ia in April 2010, killing 29 miners. In June 2011, after Blankenship had retired from Massey, Alpha Natural. Resources, Inc. (“Alpha”) acquired Massey. For several.

Alpha Natural Resources - SourceWatch

Massey shares lost more than half their value, hitting a low of $25.87 in July 2010. Shares bounced back above pre-explosion levels after reports that the company would likely be acquired, which increased with the departure of Chief Executive Don Blankenship at the end of 2010,.

Alpha Natural Resources: Corporate Rap Sheet | Corporate .

May 28, 2017 . 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.

$265 Million Settlement Obtained in Massey Energy

Jun 4, 2014 . On December 6, 2011, the MSHA and U.S. Attorney announced a settlement with Alpha Natural Resources (“Alpha”), which had acquired Massey's assets and liabilities in 2011. The settlement provided that Alpha would pay a $10.8 million civil fine, as well as a $209 million penalty to the Department of.

Mitchell A. Lowenthal - Cleary Gottlieb

In dismissing the claims, the Chancery Court agreed that the acquisition of Massey Energy by Alpha Natural eliminated the standing of former Massey Energy stockholders to pursue derivative claims against Massey Energy and its former officers and directors, thereby refusing to re-write the risk allocations inherent in the.

Coalfield Residents Meet with CEO of Alpha Natural Resources .

These citizens had requested the meeting with Alpha because of Alpha's pending takeover of Massey Energy, the leading producer of coal from mountaintop removal . Alpha requested a follow-up meeting in July, once the company has acquired Massey and has had time to investigate some of the concerns presented at.

Who We Are – Alpha Foundation

. States Department of Justice and Alpha Natural Resources, Inc. (”Alpha”) and Alpha Appalachia Holdings, Inc. This Agreement was related to the explosion at Upper Big Branch Mine, an underground coal mine owned by Performance Coal Company, a former affiliate of Massey Energy Company, which Alpha acquired in.

Massey update: More on the Alpha buyout

Jan 30, 2011 . An interesting side note: Alpha's official corporate history notes that among the company's first moves after being formed in 2002 was to acquire from Brinks the coal holdings of Pittston Co. Many folks will remember that Pittston took a page out of Massey's playbook in the late 1980s, when it refused to sign.

Alpha Natural Resources | The Business of Mining

Top coal mining deals of the last year include Peabody-Arcelor's (PEAMcoal) $5.2bln bid for Macarthur, Itochu's $1.5bln Drummond deal, Alpha Natural Resources $8.5bln acquisition of Massey, and Arch Coal's $3.4bln acquisition of International Coal. In a poll on this site in January 38% of respondents indicated coal.

Massey Mine Execs Reap Millions In Takeover : The Two-Way : NPR

May 24, 2011 . "Massey safety will be the responsibility of mine management, business unit management, our VP of Safety and an Alpha executive," Pile wrote NPR. "Chris Adkins is not in this chain and he will not have a role in making operational decisions in the mines. So he's not responsible in any way, shape or form.

Former coal CEO loses Supreme Court appeal | Fox Business

Oct 10, 2017 . The Supreme Court is leaving in place the conviction of ex-Massey Energy CEO Don Blankenship for misdemeanor conspiracy to violate federal safety . Alpha Natural Resources, a major coal producer, acquired Massey Energy for $7.1 billion about a year after the deadly incident in West ia. Alpha.

Rising Star: Cleary Gottlieb's Matthew Salerno - Law360

Apr 3, 2012 . The youngest of four children, Cleary Gottlieb Steen & Hamilton LLP's Matthew P. Salerno is no stranger to being surrounded by older people — and it hasn't hampered his career, as his work on Alpha Natural Resources Inc.'s $8.5 billion Massey Energy Co. acquisition and Google Inc.'s $12.5 billion.

In re Massey Energy Co. Derivative and Class Action Litig., Consol .

May 4, 2017 . The Court ultimately reasoned that this outcome was equitable, notwithstanding that plaintiffs had pled an otherwise viable derivative claim, because Alpha “paid a substantial sum . . . to acquire all of the assets of Massey . . . [including] the derivative claim at issue in this case,” giving it the right to exercise.

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