Alpha Natural says holders may convert 2.375% notes in third quarter

By Devika Patel

Knoxville, Tenn., July 1 - Alpha Natural Resources, Inc. said that holders of its 2.375% convertible senior notes due 2015 may convert some or all of their holdings from July 1 through Sept. 30.

The conversion opportunity arose because Alpha Natural Resources' common stock exceeded the conversion threshold price of $71.06 per share, or 130% of the applicable conversion price of $54.66 per share, for at least 20 trading days within the 30 consecutive trading days ending June 30.

Alpha Natural Resources is a coal producer based in Abingdon, Va.

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