William Lee and Kieran Downes have resigned as directors of the Company and have been replaced with Gary Lewis, John Levings and Ian Mitchell. Kieran Downes has also resigned as President and Chief Executive Officer and has been replaced by Gary Lewis as Chief Executive Officer. Scott Emerson has resigned as Chairman and has been replaced by Gary Lewis as Chairman. Scott Emerson has been appointed as President. Management would like to thank Messrs Downes and Lee for their valuable contributions to the Company over the years.
Alpha Natural Resources Inc. and Massey Energy Company announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has expired in connection with Alpha's previously announced agreement to acquire Massey. Alpha and Massey also confirmed that they have received required foreign antitrust approvals and that all antitrust conditions to closing have now been met.
The closing of the transaction is also subject to other customary closing conditions, including the effectiveness of Alpha's Registration Statement on Form S-4, which was initially filed with the Securities and Exchange Commission on March 17, 2011, and stockholder approval of both companies. Subject to the satisfaction of these other conditions, the transaction is expected to close in mid-2011.
ETCO Incorporated manufactures a full line of standard OEM spark plug and distributor terminals, including rubber insulation boots, battery terminals (RoHS compliant), or custom fabricated terminals and electrical components for virtually any automotive application.
ETCO Automotive Ignition Products include standard spark plug and distributor terminals, insulated boots, and battery terminals or custom fabricated electrical components manufactured to ISO/TS 16949:2009 quality standards. Designed to simplify automated and manual assembly operations for harness manufacturers, terminals can be supplied in strip form or loose.
Available with compatible wire-attachment equipment and booters, ETCO Automotive Ignition Products can be stamped from brass, tinned steels, stainless steels, beryllium copper, phosphor bronze, and other alloys. Thicknesses can range from 0.15mm to 2.0mm with tolerances to 0.0127mm. ETCO ignition components are used by most NASCAR teams and throughout the high performance world, and the company has an extensive R & D program to produce products that deliver more horsepower.