January 28, 2011, 9:44 pm Mergers & Acquisitions

Alpha to Buy Massey in $7.1 Billion Deal

Jon Bolt/The Daily Telegraph, via Associated Press Massey Energy’s chief executive, Don L. Blankenship.

3:57 p.m. | Updated

Alpha Natural Resources announced on Saturday that it has agreed to buy Massey Energy, the embattled coal mine operator, for about $7.1 billion in cash and stock in a deal that creates a new giant in coal production.

http://dealbook.nytimes.com/2011/01/28/alpha-nears-deal-to-buy-massey-for-about-7-billion/