Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

The Associated Press February 8, 2011, 7:42AM ET

Baltimore law firm sues over Massey-Alpha deal

A Baltimore law firm says it's suing over Alpha Natural Resources' proposed $7.1 billion takeover of rival coal mine operator Massey Energy Co.

The lawsuit announced Monday by Brower Piven is the third challenging the deal filed in U.S. District Court for the Eastern District of Virginia.

The suits seek class-action status for Massey shareholders.

Brower Piven claims the proposed price of 1.025 shares of Alpha stock and $10 cash for each Massey share is unfair. The price works out to $69.33, which the lawsuit complains is a "mere" 16 percent over Massey's price Jan. 12.

The offer represents a 21 percent premium over Massey's closing share price the day before the deal was announced.

Both companies declined to comment.

BW Mall - Sponsored Links

Buy a link now!