Consol Energy said Monday it has reached an agreement to sell five of its coal mining operations in West Virginia to Murray Energy in a deal worth roughly $3.5 billion. Also, American Realty Capital Properties had to wait more than seven months, but it finally reached a deal to create the country's largest real estate investment trust in the net lease sector.
October 31, 2013 at 12:00 AM
1 minute read
Consol Energy said Monday it has reached an agreement to sell five of its coal mining operations in West Virginia to Murray Energy in a deal worth roughly $3.5 billion—a total that includes cash, assumed debt and future considerations.
Canonsburg, Pa.–based Consol, the country’s largest producer of coal extracted from underground mines, said the sale fits into its plan to focus more closely on its natural gas operations.
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