Massey Energy’s $8.5 Billion Combination with Alpha Natural Resources

On January 29, 2011, Alpha Natural Resources (“Alpha”) and Massey Energy Company (“Massey”) announced that they have executed a definitive agreement under which Alpha will acquire all outstanding shares of Massey common stock in a transaction with an $8.5 billion enterprise value for Massey. Cravath represented Massey in connection with this transaction. The boards of directors of Alpha and Massey have each approved the terms of the definitive merger agreement, which is subject to customary closing conditions, including approval by the stockholders of both companies.

The Cravath team included partners James C. Woolery and Minh Van Ngo on corporate matters, partner Eric W. Hilfers on executive compensation and benefits matters, partner Andrew W. Needham on tax matters and partner Rowan D. Wilson on antitrust matters.