Alpha Close to $7 Billion Massey Acquisition
January 29, 2011 at 15:18 PM EST
Alpha Natural Resources Inc. (ANR), the third-biggest U.S. coal producer, is close to an agreement to buy Massey Energy Co. (MEE) for about $7 billion, according to a person familiar with the situation. The stock and cash offer values Massey, the largest Central Appalachian coal producer, at $68 to $69 a share. – Bloomberg
