alpha acquisition of 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 around 2.4 billion tons.

get price

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

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 common stock (implying $8.5 billion enterprise value for Massey) and represents a 21% premium to Massey's current share price.

get price

Massey Energy Acquisition Completed -- Occupational Health ...

The $8.5 billion acquisition of Massey Energy Company by Alpha Natural Resources, Inc. was expected to be completed June 1 after their respective shareholders approved proposals related to the ...

get price

Alpha Natural Resources: Will Synergies Justify the Massey ...

When Alpha Natural Resources (NYSE:ANR) acquired Massey Energy in 2011, it was deemed that it paid too much for a broken company, but this notion can be proved wrong if Alpha is able to realize ...

get price

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.

get price

Alpha Natural Resources: Poor work and safety conditions ...

With the acquisition of Massey Energy, Alpha Natural Resources became the most controversial mining company in 2011.[1] Massey Energy had a long history of social and environmental irresponsibility. With the purchase, Alpha Natural Resources also took on these problems. Massey Energy is infamous f

get price

Alpha Natural Resources - Wikipedia

Alpha Natural Resources exists today primarily as the result of two mergers, one in July 2009 (Foundation Coal and Alpha Natural Resources, Inc.) and another in January 2011 (US$7.1 billion acquisition of Massey Energy). 2004, IPO

get price

Alpha Natural Resources Updates 2011 Shipment Guidance

uncertainty of the expected financial performance of Alpha following the acquisition of Massey; Alpha's ability to achieve the cost savings and synergies contemplated by the acquisition of Massey ...

get price

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.

get price

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 …

get price

Delaware judge declines to block Alpha-Massey deal ...

May 31, 2011· The Massey acquisition will make Alpha owner of the second largest coal reserve in the U.S., the company said in a release. Read Next Barron's: Zoom …

get price

Alpha Natural Resources Adjusts Central Appalachia Coal ...

uncertainty of the expected financial performance of Alpha following the acquisition of Massey; Alpha's ability to achieve the cost savings and synergies contemplated by the acquisition of Massey ...

get price

Alpha Natural Resources Announces Public Offering of $1.5 ...

May 13, 2016· The offering is subject to market and other conditions, including the consummation of the proposed acquisition of Massey Energy Company ("Massey") by Alpha.

get price

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.

get price

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 …

get price

Massey Energy Derivative Litigation | Compass Lexecon

May 31, 2011· 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 ...

get price

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.

get price

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 ...

get price

Alpha Natural Resources Adjusts Central Appalachia Coal ...

Alpha Natural Resources is one of America's premier coal suppliers with coal production capacity of greater than 120 million tons a year. Alpha is the nation's leading supplier and exporter of metallurgical coal used in the steel-making process and is a major supplier of thermal coal to electric utilities and manufacturing industries across the ...

get price

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 ...

get price

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 ...

get price

Alpha Natural Resources Posts Loss - WSJ

Alpha Natural Resources Inc. had a loss of $56.4 million in the second quarter on charges related to the acquisition of Massey Energy Co., even as Alpha benefited from higher pricing on coal used ...

get price

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 …

get price

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 ...

get price

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 ...

get price

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 …

get price

Alpha completes acquisition of Massey

Alpha completes acquisition of Massey. by JEFF LESTER • News Editor. This content is for subscribers only. Log in or sign up for a free trial below. Click here …

get price

Alpha Completes $7.1 Billion Massey Deal - WSJ

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 ...

get price
#
#