{"id":3610,"date":"2005-11-17T00:00:00","date_gmt":"2005-11-17T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"massey-to-buy-back-500m-of-common-shares","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2005\/massey-to-buy-back-500m-of-common-shares.html","title":{"rendered":"Massey to Buy Back $500M of Common Shares"},"content":{"rendered":"<p>  CHARLESTON, W.Va. &#8212; Massey Energy Co. on Tuesday announced a plan to buy back $500 million worth of its common shares and to conduct a capital restructuring program that will remove another 6.8  million shares from the company&#8217;s earnings calculations.<\/p>\n<p>  Massey also said it will refinance $220 million of 6.95 percent senior notes due in 2007; buy back $132 million in 4.75 percent convertible notes due in 2023; and offer to exchange its $175 million  in outstanding 2.25 percent convertible senior notes due 2024.<\/p>\n<p>  Massey did not set a timetable for the refinancing or the share repurchase.<\/p>\n<p>  Richmond, Va.-based Massey, the country&#8217;s fourth largest coal producer, had been under pressure from two hedge funds to borrow $1.5 billion to buy back shares.<\/p>\n<p><a href=\"http:\/\/c.moreover.com\/click\/here.pl?b424085071&amp;r=MSNnews\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CHARLESTON, W.Va. &#8212; Massey Energy Co. on Tuesday announced a plan to buy back $500 million worth of its common shares and to conduct a capital restructuring program that will remove another 6.8 million shares from the company&#8217;s earnings calculations. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3610","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=3610"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3610\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}