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.
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