EQT to Acquire Range Resources in $50B-Plus All-Stock Merger
Filed with the SEC on · Summarized by InvestorsBot
EQT has agreed to acquire Range Resources in an all-stock merger, with Range shareholders receiving 0.987 EQT shares for each Range share; EQT shareholders are expected to own about 73% of the combined company and Range shareholders about 27%. The combined company is expected to have more than $50 billion in enterprise value, over 9 Bcfe/d of production and $325 million in annual base synergies within two years, subject to shareholder, regulatory and other approvals; closing is expected in the first quarter of 2027.