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%
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