CONSOL Energy Issues Statement in Response to Speculation Regarding Corporate Developments, Looking at Alternatives to Unlock Value for Shareholders
CONSOL Energy Inc. (NYSE: CNX) issued the following statement to address recent speculation regarding possible corporate transactions involving the Company:
As we have stated previously, we believe the financial markets are not recognizing the full value of our world-class assets. In our second quarter earnings release issued July 25, 2013, CONSOL Energy stated that we are evaluating our overall corporate structure to consider different alternatives to unlock additional value for our shareholders. Although it is CONSOL Energy's long-standing policy not to comment on market rumors or speculation, CONSOL Energy confirms that the evaluation process regarding our corporate structure continues and all options are being considered. There can be no assurance that any particular option will be pursued. If and when there is something to announce, we will communicate with all stakeholders, including our shareholders, our employees and the communities involved.