Range Resources Shares Rise 18% Following EQT Acquisition Agreement
Shares of Range Resources (RRC) surged nearly 18% on Monday following the announcement of a definitive agreement for EQT to acquire the company. The deal is structured as an all-stock transaction, signaling a significant consolidation within the natural gas sector. Range Resources is an independent producer primarily focused on operations within Pennsylvania's Marcellus Shale. This acquisition by EQT aims to strengthen the combined entity's position in the natural gas and natural gas liquids market.
Topics: mergers and acquisitions natural gas stock price movement
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Part of the story EQT to Acquire Range Resources in All-Stock Merger Valued at Over $50 Billion (5 articles)