Alpha Natural to buy Foundation Coal for about $1.4B creating one of biggest US coal producers

CHARLESTON, W.Va. — Alpha Natural Resources said Tuesday it plans to buy rival Foundation Coal for about $1.4 billion in an all-stock deal that would create the nation’s third-largest coal producer.

Alpha Natural to buy Foundation for about $1.4B creating one of biggest US coal producers

CHARLESTON, W.Va. — Alpha Natural Resources said Tuesday it plans to buy rival Foundation Coal Holdings for about $1.4 billion in stock in a deal that would transform two regional companies into one of the nation’s largest coal producers.

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