Skip to main content

Alpha Natural Secondary Prices

About 12.3 million shaes go out at $21.02 apiece.

A 12.3 million-share secondary offering of

Alpha Natural Resources


priced at $21.03 a share, the company said.

TheStreet Recommends

The offering, in which Alpha receives no proceeds, is expected to close on Jan. 24, 2006.

The shares are being sold by First Reserve Fund IX, ANR Fund IX Holdings, and Madison Capital Funding.

The underwriters have an option to purchase up to an additional 1.8 million shares from certain of the selling stockholders to cover any over-allotments. After underwriting discounts and before expenses, the selling stockholders will receive aggregate proceeds of $247.9 million, assuming no exercise of the underwriters' over-allotment option.

This story was created through a joint venture between and IRIS.