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Stock Market & Financial Investment News

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December 2, 2013
07:04 EDTCNXCONSOL Energy announces HSR clearance for pending sale of coal mines
CONSOL Energy announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has expired in connection with the previously announced sale of its Consolidation Coal Company subsidiary, which contains all five of its longwall coal mines in West Virginia, to a subsidiary of Murray Energy Corporation for $3.5B in value. CONSOL Energy signed a definitive agreement regarding the sale to Murray Energy on October 28. The closing of the transaction is subject to the satisfaction of various other customary closing conditions, and CONSOL Energy anticipates closing the transaction in the next few weeks.
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