EQT Corporation secures a dominant position in the U.S. gas market by acquiring Range Resources in a deal valued at $50 billion, offering Range shareholders a 20.6% premium.
EQT is executing a major strategic expansion by acquiring Range Resources in an all-stock transaction valued at over $50 billion, including debt. This merger positions the company as the largest vertically integrated natural gas producer in the United States, with a combined production capacity exceeding 9 billion cubic feet equivalent per day.
The deal is valued at more than $50 billion, including debt.
The combined company will produce more than 9 billion cubic feet equivalent per day of Appalachian gas.
Range Resources is being acquired by EQT in a transaction that provides shareholders with a significant 20.6% premium over the previous closing price. The deal structure involves an exchange ratio of 0.987 EQT shares for each Range share, valuing the company's equity at approximately $12.8 billion.
The deal implies a value of $54.91 per share for Range Resources.
Range's equity is valued at approximately $12.8 billion.
EQT Corporation will acquire Range Resources in an all-stock transaction valued at $50 billion, including debt. The merger creates the largest vertically integrated natural gas producer in the United States, targeting a daily output exceeding 9 billion cubic feet equivalent.
The merger aims to create the largest vertically integrated natural gas producer in the U.S., leveraging scale to meet record demand for Appalachian gas.
Range shareholders will receive 0.987 shares of EQT for each share held, which equates to a 20.6% premium based on the stock's closing price.