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EQT is buying Range Resources to create a U.S. leader. The deal carries a 21% premium; EQT CEO Toby Rice points to data-center demand as a driver of higher local production and potentially higher prices.
The deal includes debt and would create a top U.S. gas producer.
The deal would create the top U.S. gas producer.
By Colin KellaherEQT Corp. has struck a deal to buy Range Resources in a stock swap worth nearly $13 billion that would create a U.S. natural-gas giant.EQT on Monday said it would issue 0.987 shares, worth about $54.91 based on Friday's closing price, for each share of Range, a roughly 21% premium…
Fitch assigned EQT Corporation a Short-Term Issuer Default Rating of F2 and rated its new commercial paper program F2. The agency said the outlook is stable.