Form 8-K CONSOL Energy Inc For: Dec 08
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CONSOL Energy (CNX) Will Pursue Formation of MLP; Approves $250M Buyback
December 10, 2014 4:31 PM ESTCONSOL Energy (NYSE: CNX) announced that its Board of Directors has authorized management to pursue the formation of a master limited partnership (MLP) for the company's thermal coal business. The purpose of the MLP would be to own interests in certain of CONSOL Energy's thermal coal properties and related mining operations located in Pennsylvania, including its Bailey Mine, Enlow Fork Mine, Harvey Mine and the related preparation plant. CONSOL Energy expects to commence an initial public offering of the MLP in mid-2015. Following the closing of the initial public offering by the MLP,... More
