Range Resources to Merge With EQT in Stock Deal
Range shareholders will receive 0.987 EQT shares for each outstanding Range share. After closing, Range shareholders are expected to own approximately 27% of the combined company.
Range Resources entered into a merger agreement with EQT under which each outstanding Range share will be exchanged for 0.987 shares of EQT common stock. After closing, Range shareholders are expected to own approximately 27% of the combined company, with EQT shareholders owning approximately 73…