U.S. natural gas giant EQT to acquire peer for $13 billion, creating the largest in the country

U.S. natural gas giant EQT announced that it will acquire peer Range Resources for $13 billion in a stock-for-stock transaction. The deal is expected to create the largest natural gas company in the United States.

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The story

The acquisition is driven by growing U.S. demand for natural gas, and the combined company is expected to strengthen its production capacity and resource portfolio. The announcement did not specify when the transaction would be completed.

At a glance

Transaction value$13 billion acquisition price

Transaction methodStock-for-stock transaction

Acquisition targetRange Resources

ImpactToward the largest U.S. combination

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