CONSOL Energy Inc. (CEIX) has announced that shareholders from both their company and Arch Resources, Inc. have given the green light to all merger-related proposals. The two companies are preparing to submit certified voting results via Form 8-K to the U.S. Securities and Exchange Commission. This merger is slated for completion on January 14, 2025.
Once finalized, the newly formed entity, Core Natural Resources, Inc., will establish its headquarters in Canonsburg, Pennsylvania. Its common stock will begin trading on the New York Stock Exchange (NYSE) under the ticker symbol CNR starting January 15, 2025.
On Wednesday, CEIX's stock closed at $105.51, experiencing a 0.91% decline. In after-hours trading, the stock further dipped, closing at $105.15, a 0.34% decrease on the NYSE.