OKLAHOMA CITY, Jan. 31, 2011 (GLOBE NEWSWIRE) -- The law firm of Federman & Sherwood has initiated an investigation into Massey Energy Company (NYSE:MEE) ("Massey") with respect to possible breaches of fiduciary duty by the company's officers and directors, as well as violations of state law in connection with its proposed sale and merger with Alpha Natural Resources (NYSE:ANR) ("Alpha").
Alpha and Massey have agreed to an $8.5 billion stock and cash deal, which results in payment of $10.00 in cash for each Massey share, plus 1.025 in Alpha stock for each Massey share, which brings the net price payable to Alpha of $69.33 per share. Federman & Sherwood is investigating whether the proposed merger makes all necessary disclosures, whether it offers adequate value to the Company's shareholders, and whether Massey could have received a higher valuation for its shareholders by seeking other purchasers.
If you own common stock in Massey Energy Company and wish to discuss this action, or have any questions or concerns regarding this notice or preservation of your rights, please contact our firm. Federman & Sherwood has extensive experience representing investors in securities, derivative and merger-related shareholder class actions.
CONTACT: William B. Federman FEDERMAN & SHERWOOD 10205 North Pennsylvania Avenue Oklahoma City, OK 73120 (405) 235-1560 Email to: wbf@federmanlaw.com - www.federmanlaw.com
