EQT to Buy Range Resources in Natural Gas Megadeal

✦ Meridian Analysis

EQT’s private‑equity platform has signed a definitive agreement to acquire Range Resources, the U.S. shale‑gas producer, and the filing of the transaction with the U.S. Securities and Exchange Commission confirms that the deal is now signed and moving toward closing. The buyer, EQT Corp, will absorb the target’s assets and operating business, creating what the parties describe as the largest natural‑gas producer in the United States. The mechanics are a straight‑forward M&A transaction in which EQT will take control of Range’s reserves and production infrastructure; the deal does not disclose whether cash, equity or a combination will be used, nor does it name any lenders or financing structure. No price, multiple or advisory team has been revealed in the public filings. Stakeholders will be watching for the undisclosed purchase price and the financing package that will underpin the transaction, as well as the identity of any financial advisers and the timetable for antitrust clearance.

The Meridian Weekly