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Consol Energy and Arch Resources Merge to Form Core Natural Resources in an All-Stock Deal

  • August 21, 2024

Arch Resources, Inc. (ARCH) entered into a merger agreement on August 21, 2024, with Consol Energy Inc. (CEIX) to form a leading North American natural resource company Core Natural Resources which would be valued at about $5.2 billion.

Deal Structure:

Under the terms of the agreement, Arch stockholders will receive a fixed exchange ratio of 1.326 shares of Consol common stock for each share of Arch common stock owned, at about $125.61 per share, representing a discount of 0.89% based on the stock’s last close.

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