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.

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

ABINGDON, Va. — Alpha Natural Resources says it will buy Foundation Coal Holdings for approximately $1.4 billion, creating one of the nation’s largest coal producers.