RWE has agreed to sell its remaining 16.6 million shares of common stock. During September, RWE closed on a previously announced sale of 14.1 million shares of Consol common stock, reducing its initial majority interest from 73.6% to 48.9%.
At the same time, Consol closed on a previously announced sale of 11.0 million primary shares of its common stock, increasing the total shares of common stock outstanding to 89.8 million.
On October 2, RWE closed on the sale of an additional 27.3 million shares of Consol common stock. That sale reduced RWE's ownership to 16.6 million shares, or 18.5%.
The shares of common stock offered have not been registered under the Securities Act of 1933 and may not be offered in the United States absent registration or an applicable exemption from registration requirements.
