EQT to Buy Range Resources, Creating Largest US Gas Producer - Bloomberg.com — SkimNews
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- EQT will buy Range Resources in an all-stock Appalachian deal; Reuters calls it a $13 billion transaction, and both Reuters and Bloomberg say it would create the largest U.S. natural gas producer.
- Range Resources stock jumped on the merger, which Barron's sizes at $50 billion and ties to the idea of natural gas as fuel for AI — a figure well above the $13 billion Reuters reports for the same deal.
Why it matters: Range Resources shareholders have the clearest immediate verdict: the stock jumped on a deal Reuters sizes at $13 billion but Barron's calls a $50 billion merger. The gap between those two figures leaves the scale of EQT's new No. 1 position in U.S. gas unsettled, even though the consolidation itself is not.
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