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The following is a round-up of news likely to affect stock prices today: A blast shook Massey Energy Co.'s (MEE) Upper Big Branch coal mine in W.VA on Monday afternoon, killing 25. The search for ...
On June 1, 2011, shareholders of Alpha Natural Resources agreed to buy Massey Energy for $7.1 billion, making it the nation's largest metallurgical coal company. Some shareholder groups had tried to block the sale claiming that Massey managers had engineered the sale of the company to protect themselves from liabilities and had arranged new management jobs with Alpha.
The firm suffered four years of losses, laid off 4,000 workers, and closed all but 50 mines. Due to its "abnormally low" stock price, Alpha was delisted from the NYSE on July 16, 2015. [18] With debts of $3 billion dating from its acquisition of Massey Energy for $7.1 billion in 2011 the firm filed for Chapter 11 bankruptcy on August 3, 2015. [19]
The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on the American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average). The index includes about 80 percent of the American market by capitalization.
The Walter E. Massey Stock Index From January 2008 to April 2010, if you bought shares in companies when Walter E. Massey joined the board, and sold them when he left, you would have a -43.9 percent return on your investment, compared to a -19.7 percent return from the S&P 500.
American Consolidated Natural Resources, [1] previously known as Murray Energy, is a US-based coal mining company. It is the fourth largest coal producer in the country, and the largest privately-owned coal company.
Donald Leon Blankenship (born March 14, 1950) is an American businessman. He was chairman and CEO of the Massey Energy Company—the sixth-largest coal company (by 2008 production) in the United States [2] —from 2000 until 2010 when an explosion at Massey's Upper Big Branch Mine resulted in the death of 29 workers.
Massey Ferguson is an agricultural ... holdings were purchased by the United States–based AGCO Corporation for US$328 million in cash and $18 million in stock. [29] ...