Alpha Natural Resources (ANR) has recently acquired its rival in the energy industry Massey Energy in a $8.5 billion deal, which was announced on Saturday. Massey Energy, is the company whom owned the Upper Big Branch mine in West Virginia which is the site of the tragic explosion last April. ANR bought Massey Energy for $69 a share, 21% more than Massey's current stock price.
For furthermore information please refer to the website:
http://money.cnn.com/2011/01/29/news/companies/massey_alpha/index.htm?source=cnn_bin&hpt=Sbin
By CNN Money, NEW YORK
