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Market Impact: 0.35
EQT To Merge With Range Resources
Source: seekingalpha.com
M&A & RestructuringEnergy Markets & PricesCompany Fundamentals
EQT has offered to acquire Range Resources in an all-stock deal. The author views the proposal as a solid move amid low natural gas prices, noting that its structure is intended to preserve EQT’s investment-grade rating and keep overall debt low.
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mildly positive
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EQT0.45
RRC0.20
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