As rumored, Alpha Natural Resources (ANR) moves ahead with a $7.1B, $69.33/share purchase of...


As rumored, Alpha Natural Resources (ANR) moves ahead with a $7.1B, $69.33/share purchase of Massey Energy (MEE). Alpha CEO Kevin Crutchfield says the 21% premium is well worth it and that Massey has been at the top of the company's acquisition list for some time. (PR)

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Comments (4)
  • DVW
    , contributor
    Comments (156) | Send Message
     
    Overpaying by 21% at a market top. Yeah, that always turns out good.

     

    I just wonder why nobody does acquisitions at the BOTTOM of a business cycle? Where were they when MEE was under $15/sh? It wasnt as good a deal then? Ha!
    30 Jan 2011, 05:52 PM Reply Like
  • investor44
    , contributor
    Comments (63) | Send Message
     
    ANR a good buy tomorrow (1/31)?
    30 Jan 2011, 09:08 PM Reply Like
  • Jonathan Verenger
    , contributor
    Comments (425) | Send Message
     
    ANR is a great buy here.
    31 Jan 2011, 11:11 AM Reply Like
  • Scootger
    , contributor
    Comments (228) | Send Message
     
    Agree. buying this DIP in ANR.
    31 Jan 2011, 01:26 PM Reply Like
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