Search results
Results From The WOW.Com Content Network
Arch Resources (NYSE:ARCH) and Consol Energy (NYSE:CEIX), two of the largest coal miners in the United States, are entering a merger that will create a $5.2 billion coal mining company. "This ...
Arch Coal was formed in July 1997 through the merger of publicly traded Ashland Coal, Inc. and privately held Arch Mineral Corporation. Arch Mineral had its origins in 1969, when it was formed as a partnership between Ashland Oil (now Ashland Inc.) and the H.L.Hunt family of Dallas, Texas; Ashland Coal was formed in 1975 as a wholly owned subsidiary of Ashland Oil.
In August 2024, Consol Energy and Arch Resources announced that they entered into a definitive agreement to combine in an all-stock merger of equals to create Core Natural Resources. [23] In January 2025, the merger was successfully completed. [7]
On June 15, 2011, Arch Coal acquired International Coal Group through a merger for $3.4 billion. ICG became a wholly owned subsidiary of Arch Coal. Coal prices were rising as demand for coal from China and India were increasing. The merged company is the second-largest coking-coal producer in the United States. [6]
Arch Resources (ARCH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
For premium support please call: 800-290-4726 more ways to reach us
ARCH: Arch Resources: ARCH was acquired by Consol Energy. Following completion of the merger, Consol Energy will be renamed Core Natural Resources Inc., and its ticker will change to CNR. ENOV was moved from the S&P 400 to replace it as it was more representative of the small cap market space. [7] January 3, 2025: ACAD: Acadia Pharmaceuticals: IBTX
Arch Resources (ARCH) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.