Saturday, January 29, 2011

 

East Kentucky Broadcasting Capsule News...West Virginia...1-29-'11

Alpha Natural Resources Incorporated says it's agreed to buy Massey Energy for $7.1 billion in cash and stock. Alpha is offering 1.025 share of Alpha Natural Resources Inc. for each share of Massey, plus $10 per share in cash, representing a bid of $69.33 per share, a 21 percent premium over Massey's closing share price Friday. Alpha will own 54 percent of the combined company and Massey will own 46 percent.



Congressman Nick Rahall wants a review of the U.S. Postal Service's decisions to suspend services at the Hacker Valley Post Office in Webster County and to consolidate operations at the Beckley and Huntington post offices into the Charleston processing and distributions center.



Under a bill reviewed by members of the West Virginia House of Delegates on Friday, police departments would have to report instances of officer wrongdoing to the state. The bill would give the state Law Enforcement Training Subcommittee subpoena powers to look into instances where an officer may need to be decertified.



Kanawha County school board President Pete Thaw says schools cannot reach the state's goal that students should receive 180 days of instruction each year. Superintendent Ron Duerring says the school system has no makeup days remaining after school was canceled Friday, making the 180-day mark.



Former state Lottery Director Butch Bryan was convicted on five counts of federal political corruption charges on September 24, 1993, and sentenced to more than four years in prison and required to pay $120,000 in restitution. Former Supreme Court Justice Richard Neely, a Charleston lawyer, is trying to get the conviction overturned and is asking that the $120,000 be returned to Bryan.



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