EQT to Buy Range Resources in All-Stock Deal — SkimNews
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- EQT will buy Range Resources in an all-stock Appalachian blockbuster deal, while Reuters describes the transaction as a $13 billion deal that would create the top U.S. gas producer.
- Range Resources stock jumped on what Barron’s called a $50 billion merger, with the outlet also presenting natural gas as fuel for AI.
Why it matters: Reuters states that the $13 billion combination would create the top U.S. gas producer, a concrete shift in EQT’s scale. Barron’s instead calls it a $50 billion merger and highlights Range Resources’ stock jump, so the two headline figures remain unexplained.
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