EQT Corp. to Acquire Range Resources in $50 Billion All-Stock Transaction
EQT Corp. (EQT) has entered into a definitive agreement to acquire Range Resources (RRC) in an all-stock deal valued at approximately $50 billion. The merger is set to create the largest natural gas producer in the United States, boasting a combined output exceeding 9 billion cubic equivalent feet (Bcfe) per day. Following the announcement, shares of Range Resources surged 15.3% in pre-market trading on Monday. This consolidation significantly reshapes the U.S. shale landscape, positioning the combined entity as a dominant force in the domestic energy sector.
Topics: Energy Sector M&A Natural Gas
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Part of the story EQT to Acquire Range Resources in All-Stock Merger Valued at Over $50 Billion (5 articles)