CNX Resources Corp. to acquire CNX Midstream Partners LP
Wednesday, July 29, 2020
On Monday, CNX Resources Corp. announced it is acquiring all outstanding common shares of CNX Midstream Partners LP, at a cost of about $357 million in CNX common stock, according to the Observer-Reporter.
The company expects the deal to close in the fourth quarter.
“We expect the combined entity to be an even stronger company, with a lower cost of capital and increased investable free cash flow, and we believe the transaction provides significant value for CNX and CNXM stakeholders, creating a best-in-class company,” the company said in a news release.
Learn more: Observer-Reporter > CNX making $357 million acquisition
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