EQT to buy oil and gas producer Rice Energy for $6.7 bln


Reuters

June 19 (Reuters) - U.S. oil and gas company EQT Corp
<EQT.N> said on Monday it would buy oil and gas producer Rice
Energy <RICE.N> for $6.7 billion in cash and shares.
    Rice Energy shareholders will receive $5.30 per share in
cash and 0.37 EQT shares for each share they hold, EQT said.
[nBw9Ly03Ba]
    EQT's offer translates to $27.05 per Rice Energy share,
representing a premium of 37.4 percent to Rice Energy's Friday
closing price, according to Reuters calculations.

 (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by
Sai Sachin Ravikumar)
 ((yashaswini.swamynathan@thomsonreuters.com; within U.S. +1 646
223 8780, outside U.S. +91 80 6749 2405; Reuters Messaging:
yashaswini.swamynathan.thomsonreuters.com@reuters.net))

Keywords: RICE ENRGY M&A/EQT CORP (URGENT)



This article appears in: Stocks , Oil , Commodities
Referenced Symbols: EQT , RICE


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