Contura, Alpha File Merger Paperwork With SEC
July 17, 2018 - The severed components that formerly comprised Alpha Natural Resources took another step Monday toward reuniting.
Contura Energy, ANR Inc., and Alpha Natural Resources holdings jointly announced filing a registration statement Form S-4 with the U.S. Securities and Exchange Commission. The confidential filing deals with details of the previously announced proposed merger between the companies, which now operate at separate locations in Bristol, Tennessee.
“This initial submission is preliminary,” according to a joint written statement. “A revised Form S-4, including a joint proxy statement for the Alpha special meetings and prospectus, containing updated information will be filed and available on the SEC’s website prior to any vote by Alpha stockholders on the proposed transaction.”
The three firms were established in 2016 as part of Alpha’s federal bankruptcy proceeding.
Completing the merger is subject to compliance with the Hart-Scott-Rodino Antitrust Improvements Act. Both Contura and Alpha received early termination of the applicable waiting period under the HSR Act on July 2, according to the statement.
Contura and Alpha announced April 30 that the companies entered into a definitive merger agreement providing for an all-stock transaction to create a premier U.S. metallurgical coal platform and cost-competitive thermal coal portfolio. The transaction is now expected to close prior to the end of 2018. Previous estimates were that it would close in the third quarter of this year.
Contura Energy has affiliate mining operations across major coal basins in Pennsylvania, Virginia and West Virginia. Alpha Natural Resources has affiliate mining operations in seven counties in West Virginia, and supplies metallurgical coal to the steel industry and thermal coal to generate power. The merged entity is expected to become the nation’s largest supplier of metallurgical coal.