UPDATE: Alpha Natural Resources to Acquire Massey Energy Company

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Alpha Natural Resources, Inc.
ANR
is expected to complete its acquisition of Massey Energy Company
MEE
on June 1, 2011. Following both companies' special stockholder meetings, Alpha CEO Kevin Crutchfield will be joined by West Virginia Governor Earl Ray Tomblin, local officials, and company employees for a sign unveiling ceremony in Julian, W.Va. Following the acquisition, Alpha will hold the second largest coal reserve in America with approximately five billion tons of reserves and will become one of the top suppliers of metallurgical coal in the world. Alpha will operate approximately 150 coal mines and 40 preparation plants, more than any other coal company in America. Once the acquisition is complete, Alpha and its affiliates will employ 14,000 people, including approximately 7,000 in W.Va., making it one of the largest private-sector employers in the state.
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Posted In: NewsM&ACoal & Consumable FuelsEnergy
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