Alpha Inks $300M Deal To Sell Shale Gas JV Stake To Rice

Law360, New York (December 9, 2013, 3:01 PM EST) -- Alpha Natural Resources Inc. said Monday that it will sell its 50 percent stake in a natural gas joint venture it co-founded with Rice Energy in 2010 for $300 million, $100 million of which will be in cash, with the other $200 million in Rice common stock.

The deal, which was announced on the same day that Rice, a Delaware-based independent natural gas and oil company, publicly indicated its intention to file a registration statement with the U.S. Securities and Exchange Commission for a proposed initial...
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