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Article: CONSOL Energy Inc. Purchases Common Stock in a Private Transaction.
- Article from:
- PR Newswire
- Article date:
- November 30, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PITTSBURGH, Nov. 30 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CNX) announced that today it purchased 300,000 shares of its common stock for $2.925 million, or $9.75 per share, as part of a larger private transaction. The shares had been beneficially owned by E. I. duPont de Nemours and Company. As a result of the larger private transaction, of which this purchase was a part, CONSOL Energy's understanding is that, as of today, the 3,264,201 shares that DuPont held at the time of CONSOL Energy's initial public offering of April 29, 1999 have been sold.
As stated in CONSOL Energy's initial public offering prospectus of April 29, DuPont had agreed not to effect any ...