Alpha Natural Reaches $7.1B Deal for Massey Energy Alpha Natural agrees to buy Massey Energy for $7.1 billion in cash and stock The Associated Press

NEW YORK

Alpha Natural Resources Inc. says it has reached a deal to buy rival wedding invitation kits coal company Massey beach wedding dresses Energy Co. for $7.1 billion in cash and stock.

Massey, the nation's fourth-largest coal producer by revenue, operates the Upper Big Branch mine in West Virginia where 29 men were killed in an explosion last spring. It operates 19 mining complexes in Virginia, West Virginia and Kentucky. The Virginia-based company has struggled with two money-losing quarters since last spring's explosion.

Alpha is offering 1.025 share of Alpha Natural Resources Inc. for each share of Massey, plus $10 per share in cash. Together, that represents a bid of $69.33 per share, a 21 percent premium over Massey's closing share price Friday.