BY KRIS MAHER
Alpha Natural Resources Inc. CEO Kevin Crutchfield said Massey Energy Co. has been at the top of Alpha's list of companies to acquire for a while because the combination would create a global leader in metallurgical coal reserves, production and sales. He said the 21% premium Alpha had agreed to pay for Richmond, Va., based Massey is well worth it.
With the announcement Saturday that Alpha reached an agreement to acquire Massey in a cash and stock deal valued at $7.1 billion, Alpha is now poised to become the world's third-biggest producer of coal used by steelmakers just when global ...
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