An announcement from CONSOL Energy (CEIX) is now available.
CONSOL Energy Inc. and Arch Resources, Inc. have agreed to an all-stock merger of equals, creating a new entity to be named Core Natural Resources, Inc., with headquarters in Canonsburg, Pennsylvania. The merged company’s stock will trade on the NYSE, and its board will consist of an equal number of directors from both CONSOL and Arch. The agreement includes a swap of Arch shares for CONSOL shares at a set ratio, with various customary closing conditions and governance agreements. This strategic move is designed to combine the strengths of both companies, driving future growth and maximizing value for shareholders.
Learn more about CEIX stock on TipRanks’ Stock Analysis page.
