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发帖数: 901 | 1 MEE
DALLAS--(BUSINESS WIRE)-- The Briscoe Law Firm, PLLC, founded by a former
state prosecutor and enforcement attorney for the United States Securities
and Exchange Commission, and the securities litigation law firm of Powers
Taylor, LLP are investigating potential legal claims against
the Board of Directors of Massey Energy Company (“Massey Energy” or “MEE
”) (NYSE:MEE - News) related to the proposed buyout of Massey Energy by
Alpha Natural Resources. The definitive acquisition agreement, which was
announced on January 29, 2011, involves a transaction valued at
approximately $7.1 billion. Under the proposed buyout, Massey Energy
shareholders will receive a fixed ratio of 1.025 shares of Alpha Natural
Resources stock and $10.00 in cash for each share of Massey Energy/MEE
common stock they hold.
The aggregate value to Massey Energy shareholders is reportedly $69.33 per
share. In November 2010, Massey Energy received numerous potential buyout
offers, and various news sources have reported that Massey Energy is an “
attractive acquisition.” In addition, in mid-January 2011, Massey Energy
shares closed above $58.00 per share. Based on these and other factors, the
firms believe that the acquisition price may not be fair for Massey Energy
shareholders.
The investigation relates to the fairness of the proposed transaction to
Massey Energy shareholders, possible breaches of fiduciary duty and other
violations of state law by the Board of Directors of Massey Energy for
approving this transaction, and whether Massey Energy’s Board of Directors
acted in the shareholders’ best interests.
If you currently own shares of Massey Energy/MEE and would like additional
information regarding this investigation, or if you have information
regarding the allegations involved in this transaction, please contact
Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail
at p*****[email protected], or Willie Briscoe at The Briscoe Law Firm, PLLC
toll free (877) 397-5991, or via email at W******[email protected].
There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation and shareholder
rights advocacy firm with more than 20 years of experience in complex
litigation matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits, and
security class actions. | g********4
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