BUZZ-EQT shares fall due to acquisition of Range Resources
路透社2026/10/26 14:41Latest Updates
October 26 - ** Shares of U.S. natural gas company EQT Corp (EQT.N) fell 3.2% to $53.78; while Range Resources (RRC.N) shares rose 15.7% to $52.69
** EQT will acquire RRC in an all-stock deal valued at $13 billion (link), creating the largest natural gas producer in the United States
** Under the terms of the agreement, RRC shareholders will receive 0.987 shares of EQT Corp for each share they own
** The implied offer price of $54.91 per share is approximately 20.6% higher than RRC's latest closing price of $45.52
** EQT now expects potential natural gas demand in the Appalachian region to rise to 25 billion cubic feet per day, up from its previous estimate of 20 billion cubic feet per day
** Including the day's gains, EQT is up slightly this year, while RRC has gained 49.3%
(To assist non-English speakers, Reuters provides automated translations of its reports in several other languages. Because automated translation may contain errors or lack context, Reuters does not guarantee the accuracy of the translated text, and provides it solely for the convenience of readers. Reuters accepts no responsibility for any damage or loss arising from the use of automated translation.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyst Sets Downside Targets for 3 AI-Related Altcoins
Under financial pressure from AI investments, Microsoft offers voluntary severance packages to 60,000 employees, affecting departments such as Xbox and Windows
As of the end of June, Microsoft had a total of 223,000 employees worldwide. This latest round of measures involves more than one-quarter of the total workforce, covering departments such as Xbox, Windows, Copilot, and Finance. Positions related to data centers, sales, cybersecurity, and quantum computing are not included. A Microsoft spokesperson stated that the proportion of employees expected to accept the proposal is below 30%. Microsoft is scheduled to release its financial report on Wednesday, and the market is focused on whether its investments in AI have begun to yield quantifiable returns.
Sector Update: Financial
