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MEE

Alpha Appalachia Holdings, Inc.

5/23/2013, 1:44 PM ET

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Wednesday, June 29, 2011, 1:21 PM Massey Energy (ANR) could have prevented last year's fatal West Virginia mine accident, the Mine Safety and Health Administration says. Faulty water sprays on a cutting machine failed to put out an initial spark that ignited methane gas and triggered a coal-dust explosion; Massey should have maintained the sprays and prevented the coal-dust buildup. Comment! [Energy]
Friday, June 3, 2011, 11:28 AM Massey Energy (ANR) releases its 102-page report on last year's mine explosion that killed 29 workers, and it blames a natural gas surge, not coal dust - contradicting federal regulators and an independent probe. The upshot is more tension with regulators, and complications in lawsuits filed by miners' families; Massey wrapped its $7.1B merger with Alpha Natural Resources on Wednesday. 1 Comment [Commodities, Energy, Top Stories]
Wednesday, June 1, 2011, 11:29 AM Like West Virginia's Supreme Court, a Delaware judge rejected an investor request to block Massey Energy's (MEE +0.4%) $7.1B sale to Alpha Natural Resources (ANR), saying shareholders should make the call on the deal - and they are expected to approve it today, with the hurdles cleared. Institutional investors tried to block the sale alleging that Massey was trying to escape liability for the Upper Big Branch collapse. 3 Comments [M&A, Commodities]
Tuesday, May 31, 2011, 12:14 PM West Virginia's Supreme Court rejects the bid to block Massey Energy's (MEE) $7.1B sale to rival Alpha Natural Resources (ANR), saying it lacks jurisdiction to decide the case. Comment! [M&A, Commodities, Breaking News, Energy]
Tuesday, May 31, 2011, 6:05 AM A group of Massey (MEE) shareholders are trying to halt the company's sale to Alpha Natural Resources (ANR), turning to an appeals court to block the $7.1B deal. The shareholders argue Massey's management only approved the sale to escape personal liability for the April 2010 blast that killed 29 workers. 1 Comment [Energy, Commodities, M&A, Top Stories]
Wednesday, May 25, 2011, 5:08 AM A federal judge orders Massey (MEE) and Peabody (BTU) to turn over accident and injury-related documents to federal regulators. Officials are trying to determine if greater enforcement is needed due to repeated violations. Both companies had previously refused to turn over records. Comment! [Energy]
Thursday, May 19, 2011, 10:31 AM The coal mine explosion that killed 29 Massey Energy (MEE -1.3%) workers last year could have been prevented and was primarily the result of the company's failed safety systems, according to a 13-month independent investigation into the accident. The company "frequently and knowingly violat[ed] the law and blatantly disregard[ed] known safety practices," the report says. Comment! [Energy]
Monday, May 2, 2011, 5:18 PM Massey Energy Company (MEE): Q1 EPS of -$0.07 vs. consensus of $0.58. Revenue of $950M (+38% Y/Y) beats by $43M. Shares -0.03% AH. (PR) Comment! [Earnings, Energy]
Monday, May 2, 2011, 12:10 AM Notable earnings after Monday's close: ADP, APC, CHK, CRK, DCT, DNDN, FST, HIG, HOLX, KFN, MEE, NETL, NLY, PFG Comment! [Earnings]
Thursday, March 10, 2011, 5:10 PM The prospect of slower growth in China trumped Libyan supply disruptions, as energy stocks of all stripes were clobbered today. Among the biggest decliners in the S&P 500: BTU -5.8%, MEE -5.4%, VLO -5%, CNX -4.4%, CHK -4.3%, DVN -4%, NBL -4%. The top five by market cap: XOM -3.6%, RDS.A -2.3%, CVX -3%, BP -3.7%, COP -3.7%. Comment!
Monday, March 7, 2011, 4:55 PM Oppenheimer examines which stocks are showing pricing power based on gains in gross margin, and comes up with a top 10 list: HAL, CI, PCAR, UPS, ESRX, JDSU, STZ, YHOO, WPI, WM. Bottom 10, with declining gross margins and lacking intrinsic pricing power: MEE, PHM, NBL, RDC, DD, TXT, HSP, WLP, SVU, JCP. Comment!
Monday, February 14, 2011, 9:10 AM “Are we pushing the price, you’re damn straight we are,” says a Consol Energy (CNX) exec about taking advantage of the Queensland floods. A check of share prices suggests the benefits may be priced in. CNX, WLT, ANR are down sharply over the last month. 1 Comment [Global & FX]
Tuesday, February 1, 2011, 12:10 AM Notable earnings after Tuesday's close: AFL, APKT, BRCM, BSX, CCK, CHRW, ERTS, LEG, MEE, URI, WFR, WU Comment! [Earnings]
Sunday, January 30, 2011, 9:12 AM 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) 4 Comments
Saturday, January 29, 2011, 2:05 PM Alpha Natural Resources (ANR) is close to buying Massey Energy (MEE) for around $7B, sources say, or $68-69 share vs. Friday's $57.23 close. Earlier reports had suggested ArcelorMittal (MT) and at least one other company are also interested in Massey. Comment!
Friday, January 28, 2011, 2:25 PM Massey Energy (MEE +2.2%) rejects virtually all of the U.S. government's findings on the causes of last April's fatal mine explosion that killed 29 men in West Virginia. Massey insists that there was a sudden inundation of natural gases that overwhelmed good air flow and other controls that should have contained the blast. 2 Comments