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Over shareholder objections, Alpha, Massey officially finalize $7bn merger

Mineweb | June 1, 2011 | 2:09 pm Energy Coal

Alpha Natural Resources is expected to complete its $7 billion acquisition of Massey Energy Wednesday morning, after Massey shareholders lost two legal challenges in West Virginia and Delaware courts to stop the transaction.

Meanwhile two prominent Democrats serving on the U.S. House Committee on Education and Workforce Tuesday urged Alpha CEO Kevin S. Crutchfield to not retain three top Massey executives in the combined company.