Arch Resources Announce $5 Billion Merger

The merger will create Core Natural Resources, a major coal producer with significant operational synergies.

Shareholders of Arch will receive 1.326 shares of Consol for each Arch share owned.
The new entity, Core Natural Resources, will be based in Canonsburg, Pennsylvania.
Consol shareholders will hold 55% of the new company, while Arch shareholders will own 45%.
The merger is expected to generate $110 to $140 million in annual cost and operational synergies.
The deal is anticipated to close in the first quarter of 2025, pending regulatory and shareholder approval.