CONSOL Energy To Offer To Acquire Remaining Shares of CNX Gas.

PR Newswire | January 29, 2008 | Copyright

PITTSBURGH, Jan. 29 /PRNewswire-FirstCall/ -- CONSOL Energy Inc. intends to offer to acquire all of the outstanding shares of CNX Gas Corporation that it does not currently own in a stock-for- stock transaction. CONSOL Energy currently owns approximately 81.7 percent of the approximately 151 million shares of CNX Gas common stock outstanding. CONSOL Energy will offer CNX Gas stockholders 0.4425 shares of CONSOL Energy common stock for each outstanding share of CNX Gas common stock that CONSOL Energy does not own, the equivalent of $33.70 per share for CNX Gas common stock, ...

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