Massey shareholders to block $7.1bn Alpha merger

The $7.1 billion merger of coal miners Massey Energy Co (MEE.N) and Alpha Natural Resources Inc (ANR.N) should be blocked or Massey’s board will avoid responsibility for their reckless management, a shareholder attorney told a court on Thursday.

Several pension funds that invested in Massey have sued to block the vote next week by shareholders of the two companies.