Acquisition | ARCH RESOURCES INC | 14th January 2025
Initially announced on August 21, 2024 CONSOL ENERGY INC made a stock offer for ARCH RESOURCES INC of 1.326 shares per ARCH RESOURCES INC share held. Shareholders of ARCH RESOURCES INC and CONSOL ENERGY INC will vote to approve the Acquisition on January 9, 2025. Pending shareholder approval and the completion of customary closing conditions, the Acquisition is expected to be completed on January 14, 2025. Trading in shares of ARCH RESOURCES INC is expected to be halted effective January 14, 2025.
The treatment below will be applied to the following indices:
- ARCH RESOURCES INC will be removed from the Index.
- The weight of ARCH RESOURCES INC (ARCH.N) based on its last close price will be distributed pro rata to remaining Index constituents.
- Effective Date (open): 14/01/2025
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- ARCH RESOURCES INC will be removed from the Index.
- The shares of CONSOL ENERGY INC (CEIX.N) will be increased according to the stock terms of the transaction.
- Effective Date (open): 14/01/2025
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