Business and the Economy
Alpha-Massey Merger Approved
Shareholders have approved an $8.5 billion merger between Massey Energy and Alpha Natural Resources. Alpha’s acquisition of Massey will make it the second-largest holder of coal reserves in America. We reported yesterday on some shareholder concerns about Alpha’s plans to retain several Massey executives who were in oversight positions during the April 2010 explosion at the Upper Big Branch Mine in West Virginia.