EQT to buy Range Resources in $13 billion deal to create top US gas producer - Reuters — SkimNews
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- EQT agreed to buy Range Resources in an all-stock Appalachian deal described by Reuters as a $13 billion transaction that would create the top U.S. natural-gas producer.
- Range Resources stock jumped after the merger announcement, which Barron's called a $50 billion merger and paired with the claim that natural gas is fuel for AI.
Why it matters: With a $13 billion headline value and an all-stock structure, the transaction would place the combined company at the top of U.S. natural-gas production. Range Resources stock jumped after the announcement, while coverage also tied the wider gas story to AI.
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