Alpha Natural Resources : Massey Energy Dealogic Deal # : 712071
Data as of : 1/31/2011
Target Acquiror Dates & Values
Massey Energy Alpha Natural Resources
Target: 100 % stake Buying: 100 % stake Rumored 19th Oct 2010 Deal Value $m 7,888.2
NY MEE 102 m shares outstanding Public (Listed) Announced 29th Jan 2011 Value ex Debt $m 7,080.0
United States United States
Mining Mining Expected 2Q 2011 Consideration
UBS | Advisor Citigroup | Advisor Completed -
Perella Weinberg | Advisor Morgan Stanley | Advisor
Cravath Swaine | Attorney Cleary Gottlieb | Attorney Withdrawn -
Troutman Sanders | Attorney
Termination Fee, Target $m tbd
Termination Fee, Acquiror $m tbd
Financials 30th Sep 2010
Balance Sheet Debt/Equity: 1.5
Timeline Events Premiums & Multiples
Initial Offer $69.33
Current Offer $69.33
Income Statement
Cash Flows
Operations $m 325
Profitability
Profit Margin -1%
Return on Equity -4%
League Table Impact Sector Trend
2010 YTD Announced Global M&A by Deal Value, $bn Monthly Announced Global M&A, $bn: Mining
1 JPMorgan 86.7
2 Goldman Sachs 59.4
3 Barclays Capital 57.7
4 Lazard 54.9
5 BOA Merrill Lynch 49.3
6 Credit Suisse 45.5
7 UBS 44.8
8 Morgan Stanley 40.4
9 Citi 33.8
10 Perella Weinberg 22.7
2011 Dealogic. All rights reserved.