Arch Resources and CONSOL Energy to merge in all-stock deal, creating Core Natural Resources

ARCH RESOURCES, INC.

Arch shareholders receive 1.326 CONSOL shares per Arch share; combined market cap ~$5.2B.
Pro forma 2023 revenue ~$5.7B, adjusted EBITDA ~$1.8B; expected annual synergies $110-140M.
Combined company renamed Core Natural Resources; James Brock (Executive Chair) and Paul Lang (CEO).
Merger termination fee of $82M; expense reimbursement up to $23.5M under certain conditions.
Boards of both companies unanimously approved; closing subject to shareholder and regulatory approvals.

item 1.01 item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Paul Lang

Chief Executive Officer

ARCH RESOURCES, INC.

Filed: August 21, 2024, 7:59 PM ET

reflect Mr. Lang’s new role as Chief Executive Officer of the combined company

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Lang was appointed as Chief Executive Officer at ARCH RESOURCES, INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

reflect Mr. Lang’s new role as Chief Executive Officer of the combined company

View on SEC.gov

Source: SEC EDGAR

accession 0001104659-24-091443

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