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NEW YORK — Massey Energy Co., struggling with losses after an explosion that killed 29 workers at a West Virginia coal mine last spring, agreed Saturday to be taken over by Alpha Natural Resources Inc.
Alpha is paying $7.1 billion in cash and stock for Massey, the nation’s fourth-largest coal producer by revenue. Massey operates 19 mining complexes in Virginia, West Virginia and Kentucky, including the Upper Big Branch mine where the April 5 disaster occurred.
