Report
EQT agrees to buy Range Resources in $12.8 billion all-stock deal
Barron's reports Range Resources shares jumped on the deal; Bloomberg says the combined company is valued above $50 billion.
TLDR
Bloomberg reports EQT agreed to buy Range Resources for about $12.8 billion in stock, valuing the combined company at more than $50 billion. The merged business would produce more than 9 billion cubic feet equivalent daily in Appalachia, and EQT expects $325 million in annual savings within two years. Barron's reports Range shares jumped on the takeover news.
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