Alpha takes over Massey Energy

The company formerly known as Massey Energy has a new owner. Alpha Natural Resources completed its takeover of the coal company this week.

Ninety-eight percent of Alpha's voting stockholders approved of the seven billion dollar deal. Ninety-nine percent of Massey shareholders who voted accepted the terms.

Three of Massey's institutional investors sued to stop the transaction. The vote was allowed to proceed after the West Virginia Supreme Court and a court in Delaware refused to get involved earlier this week.

So with all of the legal matters out of the way, it was time for a ceremony.

John Hingsbergen reports.

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