Alpha Close to $7 Billion Massey Acquisition

Alpha Natural Resources Inc. (ANR), the third-biggest U.S. coal producer, is close to an agreement to buy Massey Energy Co. (MEE) for about $7 billion, according to a person familiar with the situation. The stock and cash offer values Massey, the largest Central Appalachian coal producer, at $68 to $69 a share. – Bloomberg

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