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CONSOL Energy Receives HSR Clearance for Pending Sale of Five West Virginia Longwall Coal Mines to Murray Energy

CONSOL Energy (NYSE: CNX) announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has expired in connection with the previously announced sale of its Consolidation Coal Company subsidiary, which contains all five of its longwall coal mines in West Virginia, to a subsidiary of Murray Energy Corporation for $3.5 billion in value.  CONSOL Energy signed a definitive agreement regarding the sale to Murray Energy on October 28, 2013.  The closing of the transaction is subject to the satisfaction of various other customary closing conditions, and CONSOL Energy anticipates closing the transaction in the next few weeks.    

Forward-Looking Statements

Various statements in this release, including those that express a belief, expectation or intention, may be considered forward-looking statements (as defined in Section 21E of the Exchange Act) that involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future production, revenues, income and capital spending. When we use the words

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