US coal producer Consol Energy Inc. agreed to buy rival Arch Resources Inc. for $2.3 billion as the transition to greener fuels threatens the industry’s long-term outlook. The companies announced the transaction in a statement Wednesday. The deal talks were reported earlier by Bloomberg. Under the terms of the merger agreement, Arch stockholders will receive a fixed exchange ratio of 1.326 shares of Consol stock for each share of Arch common stock. Consol shareholders will own about 55% of the combined company, to be called Core Natural Resources.
https://www.bloomberg.com/news/articles/2024-08-21/us-coal-producer-consol-to-merge-with-rival-arch-resources?srnd=all
US coal producer Consol Energy Inc. agreed to buy rival Arch...
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Last
$5.55 |
Change
-0.020(0.36%) |
Mkt cap ! $4.647B | |||
| Open | High | Low | Value | Volume |
| $5.51 | $5.58 | $5.46 | $20.61M | 3.744M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 9073 | $5.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.56 | 34314 | 41 |
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| Last trade - 14.50pm 24/06/2025 (20 minute delay) ? |
| WHC (ASX) Chart |