Alpha Natural Resources/Massey Energy
On January 29, 2011, Alpha Natural Resources, Inc. (NYSE: ANR) and Massey Energy Company (NYSE: MEE) announced that they have entered into a merger agreement, whereby Massey shareholders will receive, at the closing, 1.025 shares of Alpha common stock and $10.00 in cash for each share of Massey common stock.
The deal values Massey at $69.33 per share, or about $8.5 billion total.
Closing is expected in mid-2011.
Morgan Stanley is acting as lead financial advisor to Alpha. Citi also provided financial advice and Cleary Gottlieb Steen & Hamilton LLP is advising Alpha on legal matters in connection with the transaction.
Perella Weinberg Partners LP and UBS Securities LLC are acting as financial advisors to Massey and Cravath, Swaine & Moore LLP and Troutman Sanders LLP are acting as Massey�s legal counsel.
The deal values Massey at $69.33 per share, or about $8.5 billion total.
Closing is expected in mid-2011.
Morgan Stanley is acting as lead financial advisor to Alpha. Citi also provided financial advice and Cleary Gottlieb Steen & Hamilton LLP is advising Alpha on legal matters in connection with the transaction.
Perella Weinberg Partners LP and UBS Securities LLC are acting as financial advisors to Massey and Cravath, Swaine & Moore LLP and Troutman Sanders LLP are acting as Massey�s legal counsel.
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