Sees 110-140 mln usd in synergies withing 6-18 mths (Il Sole 24 Ore Radiocor) - New York, 21 Aug - Arch and Consol said that they expect to generate 110-140 million dollars of annual cost and operational synergies within six to 18 months following the close of the transaction, primarily from logistics optimization, coal blending and related opportunities, as well as procurement and SG&A efficiencies.

Core Natural Resources will be headquartered in Canonsburg, Pennsylvania, leveraging its close proximity to the majority of its mining and export operations, and will maintain a presence in St. Louis, they added.

The merger is expected to close by the end of the first quarter of 2025.

Consol declared a quarterly dividend of 0.25 dollars per share. The dividend will be payable in cash on September 13, to holders common stock on August 30.

Under the terms of the deal, each Arch and Consold is permitted to pay quarterly dividends of up to 0.25 dollars per share during the pendency of the merger.

Arch and Consol will suspend share repurchases until the transaction is completed.

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(RADIOCOR) 21-08-24 19:23:43 (0499) 5 NNNN