Range Resources Corporation

Money Moves

Acquisition target; shareholders receive 0.987 EQT shares each

EQT Corporation announced Monday it will acquire Range Resources in an all-stock deal worth about $12.9 billion in equity, creating what the companies call America's largest vertically integrated natural gas producer. Range shareholders receive 0.987 EQT shares for each share they hold — an implied $54.91, about 20.6% above Range's last close.

Updated 2 hours ago