EQT to Acquire Range Resources in $50 Billion-Plus Merger Creating Major U.S. Gas Producer

Source Summary

EQT Corporation has agreed to acquire Range Resources in a transaction valued at more than $50 billion, combining two major U.S. natural gas producers. The merger will create a significantly larger gas company with expanded production capacity and reserves.

Why it matters

This merger creates one of the largest independent natural gas producers in the United States, significantly consolidating the sector and affecting U.S. energy supply and market competition.

Read the Source

• Investing.com ↗