After two courts cleared the way for the merger between Alpha Natural Resources (NYSE:ANR) and Massey Energy (NYSE:MEE) to be consummated, shareholders of both companies also voted their approval for the $7 billion acquisition to go forward.
The new Alpha Natural Resources will become the second largest holder of coal reserves in the United States as a result of the merger with Massey.
On a global level, Alpha will be among the supply leaders for metallurgical coal.
Overall the new entity will operate 150 coal mines and 40 preparation plants.
Massey was trading at $65.81, falling $0.20, or 0.32 percent. Alpha Natural Resources was at $54.55, down $0.24, or 0.44 percent, as of 12:30 PM EDT.
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