Alpha Natural Resources Inc. of Abingdon acquired
eastern Kentucky mining interests Diamond May Coal
Co., Progress Land Corp. and Kentucky May Coal Co Inc.
from Progress Fuels Corp., a subsidiary of Raleigh,
N.C.-based Progress Energy. Alpha paid $23 million
and assumed $8 million in reclamation liabilities. (PRNewswire)
LandAmerica Financial Group Inc. of Richmond
agreed to buy Capital Title Group Inc., a Scottsdale,
Ariz., title insurance underwriter and settlement services
provider for $251 million, of which 80 percent will
be paid in cash and the remainder in LandAmerica stock. (Richmond
Times-Dispatch)
Media General Inc., a Richmond-based media
company that publishes Virginia Business, bought four
television stations owned and operated by NBC Universal
in a $600 million cash transaction. The stations are
in Raleigh, N.C.; Columbus, Ohio; Birmingham, Ala.;
and Providence, R.I. Media General intends to divest
itself of current holdings of its CBS affiliates in
Birmingham and Wichita, Kan. (PRNewswire)
Mercantile Bankshares Corp. of Baltimore bought Arlington-based James
Monroe Bancorp Inc. in a $142.9 million stock
and cash deal. James Monroe adds $530 million in
total assets and expands Mercantile’s presence in
the Northern Virginia and suburban Washington, D.C.,
markets. (PRNewswire)
