Troutman Advises Massey On $960M Cumberland Deal
The transaction, announced Tuesday, will see Massey take on 416 million tons of contiguous coal reserves in southwestern Virginia and eastern Kentucky, as well as one preparation plant in each state. The two plants are already served by major railroads, Massey said.
Of the 416 million tons of contiguous coal reserves held by Cumberland, 216 million is believed...
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