Notable Mergers and Acquisitions of the Day 5/12: ANR/FCL, CATT/XXIA - Street Insider

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Notable Mergers and Acquisitions of the Day 5/12: ANR/FCL, CATT/XXIA
May 12, 2009 02:18 PM UTC

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Via StreetInsider.com News Articles:

Alpha Natural Resources, Inc. (NYSE: ANR) and Foundation Coal Holdings, Inc. (NYSE: FCL) signed a definitive agreement under which the two companies will merge in an all-stock transaction, creating one of America's foremost coal producers.

Under the terms of the definitive merger agreement, Foundation stockholders will receive 1.084 shares of the new company for each share of Foundation, and each share of Alpha will automatically become one share of the combined company. Based on the closing price of Alpha on May 8, 2009, consideration received by Foundation stockholders was valued at $32.73 per share. This will result in Foundation stockholders

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