CONSOL Energy Inc.
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CONSOL ENERGY MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF CONSOL ENERGY INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – CEIX
October 23, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger between CONSOL Energy Inc. (NYSE: CEIX) and CONSOL Coal Resources LP is fair to CONSOL Energy shareholders. On behalf of CONSOL Energy shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Under the merger, CONSOL Energy will issue approximately 8.0 million shares in connection with the proposed transaction, representing approximately 22.2% of the total CONSOL Energy shares that will be outstanding on a pro forma basis. The investigation concerns whether CONSOL Energy and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible consideration for CONSOL Energy shareholders; and (2) disclose all material information necessary for CONSOL Energy shareholders to adequately assess and value the proposed transaction.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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