WASHINGTON, May 15, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is investigating potential shareholder claims in connection with the proposed buyout of Foundation Coal Holdings, Inc. ("Foundation" or the "Company") (NYSE:FCL) by Alpha Natural Resources, Inc. ("Alpha").
Under the terms of the buyout, Foundation shareholders will receive 1.084 shares of the new company for each share held (about $32.73 per share), and Alpha shareholders would own about 59 percent of the combined companies. As recently as July 2008, however, the Company's stock was trading at over $88.88 a share. The investigation is focused on potential inadequacy of the consideration to be received by Foundation shareholders and potential unfairness in the process by which the merger agreement was entered into.
If you are interested in discussing your rights as a Foundation shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in connection with securities and other finance-related litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers. To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com.