EQT to Merge With Range Resources in Stock Deal at 0.987 Shares per Range Share

What happened

EQT agreed to acquire Range Resources in an all-stock merger. Range shareholders will receive 0.987 EQT shares for each Range share, with cash instead of fractional shares. Existing EQT and Range holders are expected to own about 73% and 27% of the combined company.

Confirmed

Global impact / market context

Range investors get EQT stock rather than cash, so their outcome depends on EQT's share price after closing. The 73% to 27% split gives EQT holders control of the combined company, while Range holders become minority owners with less influence over future decisions.

Analyst inference

The deal needs shareholder approvals and regulatory clearance, so completion is not guaranteed and the October 2027 end date can be extended. Until closing, both stocks may trade based on deal expectations, and any regulatory delay or shareholder rejection could change the value Range holders receive.

Analyst inference

What to watch

1. Shareholder approvals from both EQT and Range are required, along with regulatory clearance and other closing conditions, before the all-stock merger can be completed. Confirmed
2. Watch whether the merger closes by the October 2027 end date or is extended to the later April deadline, which would delay when Range holders receive EQT shares. Proposed
3. Track EQT's share price before closing, because Range holders receive 0.987 EQT shares per share, so a lower EQT price reduces the value they get. Analyst inference

Evidence

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