Levi & Korsinsky is investigating the Board of Directors of Massey Energy (“Massey” or the “Company”) (NYSE: MEE) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Alpha Natural Resources, Inc. (“Alpha”) (NYSE: ANR). Under the terms of the transaction, Massey shareholders will receive 1.025 shares of Alpha common stock and $10.00 cash for each share of Massey common stock, representing a total value of $69.33 per share. The transaction has a total value of approximately $8.5 billion.
Click here to learn more about the investigation: http://www.zlk.com/massey-mee.html, or call: 877-363-5972.
The investigation concerns whether the Massey Board of Directors breached their fiduciary duties to Massey stockholders by failing to adequately shop the Company before entering into this transaction and whether Alpha is underpaying for Massey shares, thus unlawfully harming Massey stockholders. In particular, at least one analyst set a price target of $70.00 per share for Massey stock.
If you own common stock in Massey and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/massey-mee.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.