EQT to Acquire Range Resources in $50 Billion All-Stock Deal

Source Summary

EQT Corp. will acquire Range Resources in an all-stock transaction valued at more than $50 billion including debt. Range shareholders will receive 0.987 EQT shares per share held, representing a 20.6% premium to Friday's closing price and valuing Range's equity at approximately $12.8 billion. The combined company will produce more than 9 billion cubic feet equivalent per day of Appalachian gas and will become the largest vertically integrated natural gas producer in the United States.

Why it matters

This merger creates the largest vertically integrated natural gas producer in the United States, significantly consolidating the sector and positioning the combined company to capitalize on rising U.S. gas demand.

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