Saturday, January 29, 2011

Alpha Natural Resources Buys Massey Energy (MEE)

ANR and MEE signed a definitive agreement under which Alpha will acquire all outstanding shares of Massey common stock... pretty sweet deal, for a Saturday afternoon... Congrats to call holders... Our service The Buro News Wire alerted subscribers to MEE takeover chatter at 3:41 friday afternoon... Check out the service at 

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 common stock. 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.