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CONSOL Energy (CNX) Board Approves Separation of Coal and E&P Businesses

October 31, 2017 6:36 AM EDT

CONSOL Energy Inc. (NYSE: CNX) announced today that its board of directors has given final approval of the Company's previously announced separation into two publicly-traded companies--a coal company and a natural gas exploration and production (E&P) company--and has declared a pro rata distribution of all of the outstanding shares of CONSOL Mining Corporation (CoalCo) common stock to the Company's stockholders.

Distribution Ratio

On November 28, 2017, the expected distribution date, CONSOL stockholders will receive one share of common stock of CoalCo for every eight shares of CONSOL common stock... More