EQT falls on deal to acquire Range Resources
RRC•EQT will acquire Range Resources in a $13 billion all-stock deal, with Range shareholders receiving 0.987 EQT shares for each share. EQT shares fell 3.2%, while Range shares rose 15.7%.
RRC•RRC•RRC•EQT will acquire Range Resources in a $13 billion all-stock deal, with Range shareholders receiving 0.987 EQT shares for each share. EQT shares fell 3.2%, while Range shares rose 15.7%.
EQT will acquire Range Resources in a $13 billion all-stock deal to create the largest U.S. natural gas producer. Range shareholders will receive 0.987 EQT shares per share, implying an offer price of $54.91, about 20.6% above Range’s last closing price; EQT shares fell 3.2% and Range shares rose 15.7%.
