CONSOL and Arch combine in all-stock merger of equals; renamed Core Natural Resources

Core Natural Resources, Inc.

Exchange ratio: 1.326 CONSOL shares per Arch share; pro forma market cap ~$5.2B (Aug 19, 2024).
Annual cost and operational synergies expected $110-140M; combined 2023 revenue ~$5.7B.
James Brock (CONSOL CEO) becomes Executive Chair; Paul Lang (Arch CEO) becomes CEO of combined company.
Dividend of $0.25/share declared, payable Sept 13, 2024 to holders of record Aug 30, 2024.
Combined company holds 11 mines, ~25 Mtpa export capacity via East Coast terminals.

item 1.01 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

James A. Brock

Executive Chair

CNR · Core Natural Resources, Inc.

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

the Brock Agreement will be deemed amended to reflect Mr. Brock's new role as Executive Chair

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

James A. Brock was appointed as Executive Chair at Core Natural Resources, Inc..

Action: appointed
Role: Executive Chair

Exact text from the filing

the Brock Agreement will be deemed amended to reflect Mr. Brock's new role as Executive Chair

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Core Natural Resources, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-204027

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