Kirkland Reps Murray Energy In $3.5B Consol Coal Mines Buy

Law360, New York (October 28, 2013, 2:06 PM EDT) -- Coal giant Murray Energy Corp. on Monday agreed to buy a Consol Energy Inc. unit that owns five coal mines in West Virginia for $3.5 billion, as Pennsylvania-based Consol continues to shift its focus toward expanding its natural gas production.

Murray snapped up Consol's Consolidated Coal Co., comprising all five of the company's longwall coal mines in West Virginia, which produced 28.5 million tons of thermal coal in 2012, as well as Consol's river and dock operations, according to Consol.

The deal, which is expected to...
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