EQT to Acquire Range Resources in All-Stock Natural Gas Megadeal
The Appalachian merger will create the largest natural gas producer in the United States.
US energy company EQT is acquiring Range Resources in an all-stock transaction, news outlets the Pittsburgh Post-Gazette and WV MetroNews reported.
According to the reports, the merger between the two Appalachian-focused companies will create the largest natural gas producer in the United States. The Pittsburgh Post-Gazette described the agreement as a regional energy blockbuster deal, while WV MetroNews emphasized the projected scale of production under the combined entity.
The exact financial valuation of the all-stock transaction, the exchange ratio for shares, and the timetable for finalizing the merger have not yet been released.
Sources: Pittsburgh Post-Gazette, WV MetroNews
Generated automatically by the Tevel desk and labelled as such.