Alpha Acquires Massey Energy for $8.5 Billion

Alpha Natural Resources, Inc. (ANR), the third-biggest U.S. coal producer, said on Saturday it agreed to a $8.5 billion deal to buy Massey Energy Company (MEE). Under the terms of the deal, Massey shareholders will receive 1.025 shares of Alpha common stock and $10.00 in cash for each share held, valuing Massey Energy at $69.33 [...]