Cleary Gottlieb Reps Alpha In $8.5B Massey Buy

Law360, New York (January 31, 2011, 2:00 PM EST) -- Alpha Natural Resources Co. has announced a plan to acquire Massey Energy Co. in a transaction valued at $8.5 billion, a deal that will create a coal giant worth a combined $15 billion.

The companies announced the acquisition on Saturday, saying Alpha and Massey stockholders would respectively own about 54 percent and 46 percent of the new company.

“We’re very pleased that Massey has chosen to join forces with Alpha and commit to this truly transformational deal,” Alpha CEO Kevin Crutchfield said. “Together we will be...
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