CHARLESTON, W.Va. -- Shareholders overwhelmingly approved coal producer Alpha Natural Resources' $7.1 billion takeover of struggling rival Massey Energy Co. on Wednesday, the companies said.
Alpha immediately began absorbing Massey, replacing the company's sign on its West Virginia headquarters and filing at least 18 documents with the Securities and Exchange Commission cancelling Massey shares after the deal closed.
"Our goal is to run the combined company in the same manner that we've operated Alpha," Chief Executive Kevin Crutchfield told The Associated Press. "We'll see improved safety performance, improved levels of environmental stewardship."
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